The six-month moving average of the seasonally adjusted annual rate of housing starts in February in Canada was 204,669 units, a 2.2 percent increase compared with January’s rate of 200,255, according to the Canada Mortgage and Housing Corporation.
“This winter has seen Canada's national housing starts trend upward, supported mostly by increased construction of homes in Ontario,” said Bob Dugan, CMHC chief economist, in a statement. “New single-detached home construction in Ontario is reaching levels not seen in the province since July 2008—offsetting recent slowdowns in British Columbia.”
The monthly seasonally adjusted annual rate of starts in February was 210,207, a 0.6 percent increase compared with January’s rate of 208,943.
Single-family urban starts increased 12.1 percent month-over-month to 71,871 units in February while multi-family urban starts increased 4.7 percent to 121,164 units.
