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Housing starts down seven per cent in March from February: CMHC
- The annual pace of housing starts in Canada decreased by seven percent in March compared to February, dropping to 242,195 units.
- Large urban centres saw a 16% increase in actual housing starts year-over-year, with Toronto up 10% and Vancouver up 15% due to a rise in multi-unit starts.
- Despite a decline in March, housing starts remain strong, supported by high prices and firm pre-construction sales, according to TD economist Rishi Sondhi.
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Housing starts down seven per cent in March from February: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February. The national housing agency says the seasonally adjusted annual rate of housing starts amounted to 242,195 units in March compared with 260,047 in February. When looking ...
·Kelowna, Canada
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Coverage Details
Total News Sources16
Leaning Left10Leaning Right2Center2Last UpdatedBias Distribution72% Left
Bias Distribution
- 72% of the sources lean Left
72% Left
L 72%
14%
14%
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