Canada’s housing starts improve in March

Thursday, 12 April 2012 02:16:17 (GMT+2)

The Canada Mortgage and Housing Corporation (CMHC) reported Wednesday that the annual rate of housing starts was 215,600 units in March, compared to 205,300 in February.

The seasonally adjusted annual rate of urban starts increased by 4.2 percent to 192,100 units in March. Urban single starts moderated by 2.4 percent in March to 68,000 units. Meanwhile, multiple urban starts were up by 8.3 percent to 124,100 units. Rural starts were estimated at a seasonally adjusted annual rate of 23,500 units in March.