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Housing Starts

Name: Housing Starts
Creator: TipRanks

Housing Starts in Canada refers to the number of new residential construction projects that have begun during a specific period, typically measured monthly. This metric is crucial as it serves as a leading indicator of economic health, reflecting consumer confidence and future demand in the housing market. A rise in housing starts suggests economic growth, potentially influencing interest rates and monetary policy, while a decline might signal economic slowdown. For financial markets, housing starts data can impact real estate stocks, construction companies, and related sectors.