Canada February Home Starts Show Biggest Gain Since 1983

Canadian housing starts in February posted their biggest one-month gain since 1983, powered by condominiums.

The annualized pace of home starts jumped 29 percent to 212,594 units, Ottawa-based Canada Mortgage & Housing Corp. said on its website Tuesday. The total exceeded all 14 predictions in a Bloomberg News economist survey that called for a pace of 180,000.

Multiple urban starts increased by 46 percent to 138,774 units in February on an annualized basis, driven by gains in British Columbia and Ontario. Single-detached urban starts increased 6.1 percent to 61,457 units.



by Greg Quinn

Updated on

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Tauqeer Chishti

Tauqeer Chishti

Sales Representative
CENTURY 21 Green Realty Inc., Brokerage*
Contact Me