Canadian housing starts rise 4 per cent in July, CMHC says

The seasonally adjusted annualized rate of housing starts rose to 294,085 units in June, the national housing agency says.

Canadian housing starts unexpectedly rose in July, advancing 4% from the previous month, data from the national housing agency showed on Monday.

The seasonally adjusted annualized rate of housing starts rose to 294,085 units from a revised 283,523 units in June, the Canadian Mortgage and Housing Corporation (CMHC) said.

Economists had expected starts to fall to 265,000. Please enable JavaScript to view this content.