Home starts from the CMHC:
- October starts revised to 242.2K
- November starts 262.4K
There is some variance in these numbers and the six-month average is flat at 243K. The pipeline in Canadian home construction near Toronto is drying up but Montreal starts were up 22% and are up 143% y/y.
This article was written by Adam Button at www.forexlive.com.
