Canada January housing starts 208.0K vs +205.0K expected
Canadian housing data kicks off the week
- Prior was 213.4K (revised to 213.6K)
There is talk in Canada of the government easing mortgage rule with two options on the table. One is extending potential mortgages to 30 years. The other is removing or lowering the rule that requires borrowers to qualify at 200 bps above the quoted rate.