Canada: Housing starts projected to rebound to a 198k in October - TDS

Analysts at TD Securities suggest that Canadian housing starts for October are projected to rebound to a 198k pace, matching their estimate.

Key Quotes

“We look for multi-unit starts to lead the rebound and see a risk that single-family starts push to a new post-crisis low.”

“New home prices for September will be released shortly afterwards where TD looks for a flat print, in line with the market consensus, which would see year-ago growth slip to a new cycle low of 0.2%.”