Housing starts in Canada declined 13% in January to a seasonally adjusted annual rate of 215,365, according to the Canada Mortgage and Housing Corporation (CMHC).
Total urban starts declined 16% and multi-unit urban starts fell 20%. It is the lowest level of housing starts since September 2020, according to CMHC.
Toronto and Vancouver housing starts fell 52% and 14%, respectively. Housing starts in Montreal increased 36%.
The full CMHC report can be found here.
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