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Canada June housing starts miss expectations

June housing starts came in at 239.0K versus 257.9K expected, down from a prior 261.4K figure revised to 253.1K.

Reported · Written up by our desk · Central Banks

Canada’s June housing starts totaled 239.0K, falling below the 257.9K level expected, Forexlive reported.

The prior reading of 261.4K was revised to 253.1K, underscoring a weaker housing backdrop.

Forexlive said housing has shifted from a driver of Canada’s economy to a stubborn drag, with pockets of strength but ongoing pressure in Ontario, and noted it is not clear the market has fully bottomed out yet.

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Sources

ForexliveCanada June housing starts 239.0K vs 257.9K expected

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