Canadian housing starts were up 30% in April, and led by cities, CMHC says - National
4 Articles
4 Articles
Annual Pace Of Canadian Housing Starts Surge 30% In April
April was a mixed bag for housing starts, reveals new data from the Canada Mortgage and Housing Corporation (CMHC). While starts were up overall, Ontario and BC continued to see substantial year-over-over declines.After falling across the board in March and February, the seasonally adjusted annual rate (SAAR) of housing starts rose a remarkable 30% month over month in April. The six-month trend increased 2.4%, and actual housing starts were up 1…
Canadian Housing Starts Surge 30% in April, Driven by Gains in Quebec and Prairies
Canadian housing starts posted a record-setting surge in April, with new data from Canada Mortgage and Housing Corporation showing a 30 percent increase from the previous month. The seasonally adjusted annual rate of housing starts reached 278,606 units, surpassing economists’ expectations and marking the highest actual April total on record. The six-month trend measure, which […]
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