The six-month moving average of Canadian housing starts in April was 213,768 units, a 1.5 percent increase compared with 210,702 units in March, according to the Canada Mortgage and Housing Corporation.
The six-month moving average of Canadian housing starts in April was 213,768 units, a 1.5 percent increase compared with 210,702 units in March, according to the Canada Mortgage and Housing Corporation.
“New housing construction increased in Canada, with seasonally adjusted data exceeding 200,000 units for five months in a row,” said Bob Dugan, CMHC’s chief economist, in a statement. “The increase in the trend was mainly due to apartment construction in British Columbia and Québec, which was partly offset by a decline in Ontario’s multiple starts.”
Month-over-month, the seasonally adjusted annual rate of housing starts in Canada in April was 214,098 units, a 15.1 percent decrease from 252,305 units in March. Urban starts decreased 15.3 percent to 199,485, and multifamily starts decreased 16.7 percent to 134,314.
