Canada November housing begins 262.4K vs 245.1K anticipated
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House begins from the CMHC:
- October begins revised to 242.2K
- November begins 262.4K
There may be some variance in these numbers and the six-month common is flat at 243Ok. The pipeline in Canadian residence development close to Toronto is drying up however Montreal begins had been up 22% and are up 143% y/y.
This text was written by Adam Button at www.ubaidahsan.com.
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