April 5th - 2013

Market Watch: Housing starts show moderation

Housing starts in Canada totalled 195,087 units in February, revealing a moderation in demand for housing that means builders are adjusting accordingly, according to a recent news release from the Canada Mortgage and Housing Corporation.

Housing starts in Canada totalled 195,087 units in February, revealing a moderation in demand for housing that means builders are adjusting accordingly, according to a recent news release from the Canada Mortgage and Housing Corporation. The trend reflects a six-month moving average of the monthly seasonally adjusted annual rates of housing starts. Seasonally adjusted annual rates showed an increase of urban starts in Ontario of 46.8%, according to the CMHC news release

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