In March, Canada's housing starts annual pace fell 7% to 242,195 units, according to CMHC.

Canada's annual pace of housing starts fell 7% in March, according to the Canada Mortgage and Housing Corporation (CMHC). The seasonally adjusted annual rate of housing starts in March was 242,195 units, down from 260,047 units in February. In large urban centres, actual housing starts in March increased by 16% year-over-year, driven by higher multi-unit starts (up 19%) and single-detached starts (up 2%).