April 21, 2011, Ottawa — The seasonally adjusted annual rate1 of housing starts was 188,800 units in March, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 183,700 units in February 2011.
“Housing starts moved higher in March mostly because of increases in rural starts,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Urban starts saw little change as the increase in Ontario’s multiples segment was offset by a decrease in British Columbia’s multiples and a decrease in single housing starts in the Prairies.” | READ MORE
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