CMHC Canada Housing Starts

Country:
Canada
CAD, Canadian dollar
Sector:
Housing
Medium 193.453 K 200.597 K
166.477 K
Last release Importance Actual Forecast
Previous
193.408 K
193.453 K
Next release Actual Forecast
Previous
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Canada Mortgage and Housing Corporation (CMHC) Housing Starts show the number of new housing projects that started during the reported month. The indicator characterizes the activity in the housing market and related sectors, including banking (mortgage loans), construction sector, etc.

The indicator is calculated by the Canada Mortgage and Housing Corporation. Its database includes more than 14,000 housing units.

Housing starts data is rarely interpreted in absolute terms, since construction is highly dependent on weather conditions, geographic location in the region, and time of the year. That is why analysts normally measure the indicator change for several months. Economists pay special attention to the following reference points when interpreting the indicator:

  • an increase in demand for new homes points to the growth of the population welfare
  • an increase in new housing constructions leads to an increase of employment in the construction industry
  • an increase in demand for new homes may lead to an increased demand for other products needed to new home buyers, such as new furniture, appliances, etc. This may spur consumer activity and affect price indices
  • the indicator growth may lead to an increase in the real estate market

Taking into account the above points, higher readings of housing starts may have a positive impact on the Canadian dollar quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "CMHC Canada Housing Starts" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2020
193.453 K
200.597 K
166.477 K
Apr 2020
166.415 K
206.819 K
195.42 K
Mar 2020
195.174 K
212.745 K
210.574 K
Feb 2020
210.069 K
215.709 K
214.031 K
Jan 2020
213.224 K
217.686 K
195.892 K
Dec 2019
197.329 K
220.543 K
204.32 K
Nov 2019
201.318 K
212.639 K
200.674 K
Oct 2019
201.973 K
210.58 K
221.135 K
Sep 2019
221.202 K
204.264 K
226.871 K
Aug 2019
226.639 K
201.809 K
222.467 K
Jul 2019
222.013 K
199.329 K
245.455 K
Jun 2019
245.657 K
200.118 K
196.809 K
May 2019
202.337 K
192.517 K
233.41 K
Apr 2019
235.46 K
201.294 K
191.981 K
Mar 2019
192.527 K
212.19 K
166.29 K
Feb 2019
173.153 K
209.699 K
206.809 K
Jan 2019
207.968 K
209.699 K
213.63 K
Dec 2018
213.419 K
212.721 K
224.349 K
Nov 2018
215.941 K
218.29 K
206.753 K
Oct 2018
205.925 K
218.29 K
189.73 K
Sep 2018
188.683 K
222.117 K
198.843 K
Aug 2018
200.986 K
217.529 K
205.751 K
Jul 2018
206.314 K
217.769 K
246.2 K
Jun 2018
248.138 K
214.349 K
193.902 K
May 2018
195.613 K
220.121 K
216.775 K
Apr 2018
214.379 K
219.13 K
225.459 K
Mar 2018
225.213 K
218.204 K
231.026 K
Feb 2018
229.737 K
217.412 K
215.26 K
Jan 2018
216.21 K
215.782 K
216.275 K
Dec 2017
216.98 K
223.022 K
251.675 K
Nov 2017
252.184 K
210.512 K
222.695 K
Oct 2017
222.771 K
217.059 K
219.293 K
Sep 2017
217.118 K
215.05 K
225.918 K
Aug 2017
223.232 K
221.974 K
Jul 2017
222.3 K
212.9 K
Jun 2017
212.7 K
195 K
May 2017
194.7 K
213.5 K
Apr 2017
214.1 K
252.3 K
Mar 2017
253.7 K
214.3 K
Feb 2017
210.2 K
208.9 K
Jan 2017
207.4 K
207 K
Dec 2016
207 K
187.3 K
Nov 2016
184 K
192.3 K
Oct 2016
192.9 K
219.4 K
Sep 2016
220.6 K
184.2 K
Aug 2016
182.7 K
194.7 K
Jul 2016
198.4 K
218.3 K
Jun 2016
218.3 K
186.7 K
May 2016
188.6 K
191.4 K
Apr 2016
191.5 K
202.4 K

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