CMHC Releases Housing Starts Trends for British Columbia
Posted by Brad Speniel | May 22, 2015 at 12:28 pm
ESTIMATED READING TIME: 1 minute
Each month, the Canada Mortgage and Housing Coporation (CMHC) releases a report of housing starts throughout the country. These numbers provide housing market information to help you make vital business or financial decisions. The CMHC is a trusted source for reliable impartial and up-to-date housing market reports and analysis.
CBM strives to be your trusted source for important information, and so we are happy to provide you with the CMHC Housing Starts trends reports for British Columbia as a whole and, more specifically, Vancouver. Click below to learn more.
What are housing starts and why do they matter?
Housing starts refer to the number of new residential construction projects that have begun during any particular month. Investors and analysts study housing start numbers, comparing them with previous months’ numbers and year-over-year periods because they are considered to be a critical indicator of economic strength.
Housing is an integral piece of the Canadian economy, as it has a critical effect on related industries, such as banking, employment, construction, manufaturing and real estate. In a strong economy, people are much more likely to purchase new homes that in a struggling one.