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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Leaning Left4Leaning Right2Center3Last Updated14 days agoBias Distribution44% Left
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44% Left
L 44%
C 34%
R 22%
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