Despite expectations that housing starts in Canada will slow overall this year, their seasonally adjusted annual rate jumped in January from 212,600 to 249,300, according to Canada Mortgage and Housing Corp.A surge in the "volatile" multifamily starts drove the increase, according to CMHC chief economist Bob Dugan. Canada Mortgage and Housing Corp. can be found on the Web at http://www.cmhc.ca.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry