Economy and TradingHousing

Canadian Housing Construction Surges Beyond Expectations in September

Canada’s housing market showed unexpected strength as new construction starts surged 14% in September. The sharp increase exceeded economist projections by nearly 25,000 units, according to the national housing agency. The data suggests renewed momentum in the country’s residential construction sector.

Unexpected Strength in Canadian Housing Construction

Canada’s residential construction sector demonstrated surprising vigor in September, with housing starts rising significantly more than anticipated, according to reports from the national housing agency. The data, released Thursday, showed a 14% increase compared to August levels, suggesting potential momentum in the country’s housing market.