Housing starts up in February

OTTAWA — The seasonally adjusted annual rate of housing starts was 229,737 units in February, according to the Canada Mortgage and Housing Corp., up from 215,260 units in January. The SAAR of urban starts increased by 7.1% in February to 211,211 units. Multiple urban starts increased by 15% to 154,535 units in February while single-detached urban starts decreased by 9.8% to 56,676 units. Rural starts were estimated at a seasonally adjusted annual rate of 18,526 units.