OTTAWA, ON — Canada’s seasonally adjusted annual rate of housing starts reached 196,700 units in February, an increase of 6.1% from January, according to Canada Mortgage and Housing Corp.
"The gain in February housing starts was concentrated in the multiple starts segment, particularly in Toronto,” said Bob Dugan, chief economist at CMHC’s Market Analysis Centre. The seasonally adjusted annual rate of urban starts increased by 9.0% to 179,100 units in February. Urban multiple starts increased by 19.1% to 89,900 units while single urban starts increased by 0.5% to 89,200 units.
February’s seasonally adjusted annual rate of urban starts increased by 28.6% in Ontario, by 14.3% in Atlantic Canada, by 10.8% in the Prairie region and by 8.0% in British Columbia. In Quebec, the seasonally adjusted annual rate of urban starts decreased by 14.1%.
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