by The Canadian Press 08 Feb 2017

Canada Mortgage and Housing Corp. says the pace of housing starts in January picked up from December.

CMHC says the seasonally adjusted annual rate of housing starts was 207,408 units in January, up from 206,305 in December.

The move higher came as the annual pace of urban starts increased by 1.0 per cent in January to 189,688 units.

The rate of multiple urban starts increased by 4.2 per cent to 125,886 in January, while the rate of single-detached urban starts fell 4.6 per cent to 63,802 units.

Rural starts were estimated at a seasonally adjusted annual rate of 17,720 units.

Regionally, the annual rate of urban starts increased in Ontario and Atlantic Canada, but fell in British Columbia, the Prairies and Quebec.
 

From REP Magazine Online