The Canada Mortgage and Housing Corporation (CMHC) released it’s statistics and report on February’s housing starts in Canada. According to the report, the seasonally adjusted annual rate of housing starts was 201,100 units in February, up from 198,100 units in January.
The increase in housing starts can be attributed to a rise in multiple housing starts mainly inQuebecand partially inBritish Columbia. The increases seen inQuebecand B.C. were offset by decreases in multiple starts in bothOntarioand Atlantic Canada.
CMHC reveals that “The seasonally adjusted annual rate of urban starts increased by 3.4 per cent to 182,800 units in February. Urban single starts rose by 3.5 per cent in February to 67,400 units. Similarly, urban multiple starts were up by 3.3 per cent to 115,400 units”.
SOURCE: Canada Mortgage and Housing Corporation (CMHC) http://cmhc.ca/en/corp/nero/nere/2012/2012-03-08-0815.cfm
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