Housing starts decline in April

The number of housing starts in urban areas across Canada was down nine percent in April to 18,486 units, the Canada Mortgage and Housing Corp. reports, from 20,231 units in April 2023. The year-over-year decrease was driven by lower multi-unit starts, down 11 percent, while single-detached starts increased by three percent. April’s actual housing starts were lower in all three of Canada’s largest cities due to decreases in both multi-unit and single-detached starts.