Housing starts rise in February

The annualized rate of housing starts in February was 247,256 units, according to data from the Canada Mortgage and Housing Corp. That was an increase of eight percent from 229,185 units in January. The rate of total urban starts increased by 10 percent to 222,563 units in February, with single-detached urban starts up by two percent to 60,651 units. Rural starts were estimated at a seasonally adjusted annual rate of 24,693 units.