Canada Mortgage and Housing Corp.

Canada Mortgage and Housing Corp.: The latest housing starts data from Canada Mortgage and Housing Corp. showed building rose to an annualized 200,178 units last month -- with condos leading the way -- about 20,000 over economists' expectations and almost 25,000 above the April number, according to CTV. But it appears to support last week's better-than-expected employment report that estimated 43,000 new jobs had been created in the construction industry last month and OTTAWA -- Home construction in Canada staged a surprising spring resurgence in May, particularly in the seemingly overbuilt condominium market, defying expectations of a slowdown and even deep correction. The total is also above the 170,000 units analysts consider the fundamental growth in housing formation in Canada, or the rate by which demand for new homes are in line with demographic factors. (www.immigrantscanada.com). As reported in the news.