Housing starts decline in March

OTTAWA — The seasonally adjusted annual rate of housing starts was 225,213 units in March, down from 231,026 units in February, according to the Canada Mortgage and Housing Corp. The SAAR of urban starts decreased by 2.8% to 208,237 units. Multiple urban starts decreased by 7.3% to 144,578 units, while single-detached urban starts increased by 9.5% to 63,659 units. Rural starts were estimated at a SAAR of 16,976 units.