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Canada’s housing market cooling

Posted on 11 October 2012

Canada’s housing market continued to show signs of cooling last month, but still no evidence of a correction that would seriously impact the economy. The Canada Mortgage and Housing Corp. reported Tuesday housing starts for September totalled 19,750. That’s 220,200 units annualized, a slight decrease from the upwardly revised 225,300 units the previous month.
The agency said the seasonally adjusted annual rate of urban starts decreased by 3.0 per cent in September to 203,731 units………………………………………..Full Article: Source


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