OTTAWA – Canada Mortgage and Housing Corp. says the pace of housing starts rose in April, compared with March.
The agency estimated there were 17,124 actual starts in April.
Extrapolated over 12 months, that gives a seasonally adjusted annual rate of 194,809 units in April, an increase from 156,592 in March.
Urban starts increased to 176,792 units on a seasonally adjusted annual basis.
Multiple urban starts increased to 117,612 units while the single-detached urban starts segment increased to 59,180 units.
In April, the seasonally adjusted annual rate of urban starts increased in Ontario, the Prairies and Quebec and decreased in Atlantic Canada and British Columbia