Section: Real estate

Building permits, February 2017

Published on by Communication service

Building permits, February 2017 -

Building permits, February 2017

Canadian municipalities issued $7.5 billion worth of building permits in February, down 2.5% from January. Ontario and Alberta led the five provinces that reported declines in February. The national decrease was mainly the result of lower construction intentions for single-family dwellings and institutional structures.

Canadian housing starts trend upwards in February

Published on by Communication service

Canadian housing starts trend upwards in February -

Canadian housing starts trend upwards in February

Housing starts are now on pace to hit 204,669 units in Canada, whereas January saw them hitting 200,255 units, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

Building permits, January 2017

Published on by Communication service

Building permits, January 2017 -

Building permits, January 2017

The value of building permits issued by Canadian municipalities rose 5.4% to $7.6 billion in January, following two consecutive monthly decreases. Six provinces posted increases, led by Alberta and British Columbia. Nationally, construction intentions rose in every component, particularly institutional buildings.

Bank of Canada maintains overnight rate target at 1/2 per cent

Published on by Communication service

Bank of Canada maintains overnight rate target at 1/2 per cent -

Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

CPI inflation rose to 2.1 per cent in January, reflecting higher energy prices due in part to carbon pricing measures introduced in two provinces.

JANUARY 2017 HOUSING STARTS IN QUEBEC

Published on by Communication service

JANUARY 2017 HOUSING STARTS IN QUEBEC -

JANUARY 2017 HOUSING STARTS IN QUEBEC

“The moderate growth of the Quebec economy will limit housing demand in 2017 and 2018,” said Kevin Hughes, Regional Economist at CMHC.