Canadian housing starts rose 14% in February, CMHC says

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The annual pace of housing starts in February climbed 14 per cent compared with January, in the country, Canada Mortgage and Housing Corp. says.

Depending on your housing needs, some experts say additional dwelling units may be the answer. But what are they and what are pros and cons?The national housing agency says the seasonally adjusted annual rate of housing starts amounted to 253,468 units in February compared with 223,176 in January.

When looking at year-over-year figures, February’s actual housing starts were 10 per cent higher in Toronto and 82 per cent higher in Vancouver because of higher multi-unit starts.Story continues below advertisementThe six-month moving average of the monthly seasonally adjusted annual rates of housing starts in February was 245,665, up by 0.4 per cent from 244,638 in January.

Source: Loan Digest (loandigest.net)

 

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