Canadian Housing Starts Up Modestly in September

According to the latest report from the Canada Mortgage and Housing Corporation (CMHC) the trend, which measures a six-month moving average of the monthly seasonally adjusted rate of housing starts, was 214,647 units in September, up from 212,609 units in August 2020. Bob Dugan, CMHC’s chief economist in a statement said, “The national trend in housing starts was largely unchanged in September. We expect national starts to trend lower by the end of 2020 as a result of the negative impact of COVID-19 on economic and housing indicators.”