Canadian housing starts up 14 percent in February: report

 

The pace of housing construction in Canada rose 14 percent in February compared to January, the Canada Mortgage and Housing Corporation reported. Sales rose to 253,468 units in February from 223,176 units in January, the report said.

Looking at city data, housing starts in Toronto were up 10 per cent in February and Vancouver was up 82 per cent. The report points out that this is due to the start of construction of high-rise multi-units. Montreal's actual starts fell nine per cent, with both multi-unit and single detached starts falling.