In February, Canadian housing starts rose 14% to an annual rate of 253,468 units, driven by multi-unit starts.
In February, Canadian housing starts rose by 14% compared to the previous month, reaching a seasonally adjusted annual rate of 253,468 units, according to Canada Mortgage and Housing Corp (CMHC). This increase was driven by higher multi-unit starts, which increased by 16%, while single-detached starts decreased by 14%. Year-over-year, February's housing starts were up by 11%.
March 15, 2024
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