Housing starts unexpectedly falls in March Canada Post

Canada's housing starts fell in March for the first time since November 2009, the Canada Mortgage and Housing Corporation. A slight decrease of 1.5 percent was registered in the country. The decline is the slowdown in apartment building catches on at home.

Economic growth has been revised, 200 out of 400 points in early February a total of 197 300 seasonal workers. Bloomberg survey 19 hits that led to 205 000 homes across Canada increase.

According to economists at BMO Capital Markets, which continue in housing, in the hope that the work will begin in 170 000 households in the third quarter of 2010 autumn. Apartment buildings dropped by 15 per cent of 77 500 points. However, the sixth Increased 9 percent was observed at the beginning of the construction of houses, shows 97 700 families.

Interest rate rise is a key factor in this reduction includes the construction of residential buildings, such as large banks such as Toronto-Dominion Bank and Royal growth of 29 March. Other major Canadian banks raise interest rates soon.

Mortgage interest is not in decades led to Canada's housing market as first recession since 1992 to recover. Since April 2009, a key indicator of the bank's interests in Canada remains low at 0.25 percent. It was the engine of economic boom, but inflationary pressures and allow the banks to force them to increase .