The Canada Mortgage and Housing Corporation (CMHC) announced Wednesday that housing starts in Canada rose from 178,700 in April to 183,600 in May.
"Housing starts increased modestly in May due to an increase in multiple construction in most provinces and in rural starts," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. "The increase in multiples and rural starts was partly off-set by a decrease in single starts."