The relevant statistic is the headline monthly seasonally adjusted annual rate of housing starts for Canada, expressed in units, as reported on Trading Economics’ Canada Housing Starts page and sourced from Canada Mortgage and Housing Corporation. For clarity, the market will use the monthly seasonally adjusted annual rate for all areas in Canada, not actual monthly starts, year-to-date starts, the six-month moving average trend, urban-only starts, provincial starts, or the calendar-year total number of starts.