(OTTAWA) The annual pace of housing starts fell 11 per cent in March from February, the Canada Mortgage and Housing Corporation said Wednesday.
According to the agency, the monthly seasonally adjusted and annualized number of housing starts stood at 213,865 units in March, after being 240,927 units in February.
The number of housing starts in urban centers fell 12% in March to 192,545 units.
The multi-dwelling segment in urban centers fell by 11% to 151,769 units, while that of single-family homes fell by 16% to 40,776 units.
The annualized and seasonally adjusted number of rural housing starts was estimated at 21,320 in March.
The six-month rolling average of seasonally adjusted annualized housing starts was 240,669 units in March, down 6% from February’s 254,658 units.
