The seasonally adjusted annual rate of housing starts in Canada rose to 252,300 units in March from 242,500 units in February, according to Canada Mortgage and Housing Corp."Despite the rise in multiple starts in March, single starts decreased for a second consecutive month, suggesting that the pace of new home starts will begin to pull back," said Bob Dugan, chief economist at CMHC. The corporation can be found online at http://www.cmhc.ca.
Canadian Housing Starts Rise
April 10, 2006, 2:00 p.m. EDT 1 Min Read
