|Medium||252.184 K||210.512 K||
222.695 K Revised from 222.771 K
CMHC Canada Housing Starts measure the number of new housing projects that started during the reported month.
The Housing Starts index is considered to be one of the most important indicators of the Canadian economy, since it characterizes the activity in the housing market and related sectors, including banking (mortgage loans), construction sector, etc.
A higher than expected reading indicates an increase in the national economy activity and is seen as positive for the Canadian dollar.