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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%.
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En febrero, los inicios de construcción de viviendas en Canadá aumentaron un 14% a una tasa anual de 253.468 unidades, impulsados por los inicios de viviendas de varias unidades.