Housing starts rise in March

The number of housing starts in urban centres across Canada rose 16 percent in March to 17,052 units, according to the Canada Mortgage and Housing Corp., from 14,756 units a year earlier. The increase was driven by higher multi-unit starts, up 19 percent, but single-detached starts also grew by two percent.

Housing starts were 10 percent and 15 percent higher in Toronto and Vancouver, respectively, though single-detached starts declined. Montreal’s edged down by one percent, dragged by lower multi-unit starts.