OTTAWA — Housing starts climbed to 201,705 units seasonally adjusted in May, up 10% from 183,329 units in April, according to the Canada Mortgage and Housing Corp. The SAAR of urban starts increased by 10.8% in May to 185,235 units. Multi-unit urban starts increased by 16.9% to 126,367 units,driven mainly by activity in Ontario. The single-detached urban starts segment essentially held steady at 58,868 units. Urban starts increased in Atlantic Canada, Ontario and Quebec, while they decreased in British Columbia and the Prairies.
Housing starts rise in May
Most Recent
Most Read
Home Depot to acquire another trade distributor
Thu, March 28th, 2024
Throwback Thursday: 22 years ago, Ace Canada signed UFA
Thu, March 28th, 2024
Ontario RONA affiliate expands
Wed, March 27th, 2024
Hardlines is at the National Hardware Show
Wed, March 27th, 2024
Meet our Young Retailer of the Year in our latest podcast
Wed, March 27th, 2024
Home Hardware supports Skills Canada
Wed, March 27th, 2024
Sign up for a free floor pass to DX3 in Toronto
Wed, March 27th, 2024
Canadian Tire and Petro-Can combine loyalty programs
Tue, March 26th, 2024
BeautiTone unveils exterior colour of the year
Tue, March 26th, 2024
Why Air Miles is still good for dealers: TIMBER MART's Bernie Owens
Mon, March 25th, 2024