Canada: October Housing Starts.<strong>OTTAWA, November 9, 2009 -</strong> The seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. annual rate<sup>1</sup> of housing starts reached 157,300 units in October. This is an increase from 149,300 units started in September, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Canada Mortgage and Housing Corporation Canada Mortgage and Housing Corporation (CMHC) is a Canadian government agency. The agency is responsible for the housing industry in Canada. Its main duty is currently to ensure low cost mortgage loans are available to Canadians by providing insurance to lenders in case of (CMHC CMHC community mental health center. ). "The improvement in housing starts in October is attributable to improvement in the multiple starts segment," said Bob Dugan, Chief Economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the at CMHC's Market Analysis Centre. "Despite a small decline in single home starts in October, the level of single home starts remains at its second highest level since October 2008." The seasonally adjusted annual rate of urban starts increased by 5.2 per cent to 139,900 units in October. Urban multiple starts climbed 13.8 per cent to 72,600 units, while urban single starts declined by 2.7 per cent to 67,300 units in October. October's seasonally adjusted annual rate of urban starts increased by 15 per cent in British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , by 14.8 per cent in Ontario, by 6.5 per cent in the Prairies and by 1.2 per cent in the Atlantic. The rate of urban starts decreased by 11.6 per cent in Quebec. Rural starts were estimated at a seasonally adjusted annual rate of 17,400 units in October<sup>2</sup>. As Canada's national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable homes. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions. For more information, call 1-800-668-2642. <sup>1</sup> All starts figures in this release, other than actual starts, are seasonally adjusted annual rates (SAAR Saar, region, Germany Saar, region: see Saarland. Saar, river, France and Germany Saar (zär), Fr. Sarre, river, c.150 mi (240 km) long, rising in the Vosges Mts. ) - that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. <sup>2</sup> CMHC estimates the level of rural starts for each of the three months of the quarter, at the beginning of each quarter. During the last month of the quarter, CMHC conducts the survey in rural areas and revises the estimate. |
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