Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Pace of housing starts slowed in April says CMHC

OTTAWA – Canada Mortgage and Housing Corp. says the pace of housing starts slowed in April, mainly because of a decline in urban multiple starts.

The agency estimates there were 15,390 actual starts in April and extrapolates that to a seasonally adjusted annual rate of 174,858 units, down from 181,146 in March.

The seasonally adjusted annual rate of urban starts was down 2.5 per cent, led by a 3.5 per cent decline in multiple urban starts.

Single urban starts remained relatively unchanged from March.

April’s seasonally adjusted annual rates of urban starts decreased in Atlantic Canada, Ontario and British Columbia.

They increased in Quebec and the Prairies.

News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Canadian Press

The Canadian Press is Canada's trusted news source and leader in providing real-time, bilingual multimedia stories across print, broadcast and digital platforms.

Related Articles