Housing starts hit 10-year high

OTTAWA — Housing starts for all areas in Canada reached 253,720 units seasonally adjusted in March, up 18.4% from 214,253 units in February. That’s the highest level since September 2007, according to CMHC. Urban starts increased by 20.2% to 235,674 units. Within that number, multiple urban starts increased by 30.2%and single-detached urban starts increased by 3.1%. Rural starts were estimated at a seasonally adjusted annual rate of 18,046 units.