NEWS
Housing starts surge 17% in April from March, CMHC reports
Seasonally adjusted annual rate of housing starts climbed to 279,317 units, signaling momentum in residential construction.
Canada Mortgage and Housing Corp. says the annual pace of housing starts for April rose 17 per cent compared with March. The seasonally adjusted annual rate of housing starts came in at 279,317 units for April, up from 239,747 units in March. The six-month moving average of the seasonally adjusted annual rate was 256,777 units, up 3.2 per cent from March.