Canadian Housing Starts Drop 20%, Which Normally Means A Correction: BMO

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Mortgage Renewals in Pickering

Canadian new housing starts made a sharp decline, which normally is a red flag for the economy. BMO senior economist Sal Guatieri said April’s numbers may not be the traditional leading indicator though. He argues there are a few factors that make this time different. I feel like I’ve heard this about another country before. Anyway, on to the numbers.  

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Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Daniel Wong

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Link to Original Article:  https://betterdwelling.com/canadian-housing-starts-drop-20-which-normally-means-a-correction-bmo/

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