Canada: Housing Starts Remained Elevated in May

Canadian housing starts came in at a healthy rate of 279.5k annualized units in May, essentially holding on to April’s large gain. Meanwhile, the six-month moving average of starts inched higher by 0.8% m/m to 243.4k units. In urban markets, May’s performance was evenly split across the multi-family and single-detached sectors, with the former rising […]

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