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Canada housing starts fall 19.8% on month in April - CMHC

EconomyMay 17, 2021 08:46AM ET
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© Reuters. FILE PHOTO: A For Sale sign at a house for sale in Calgary, Alberta, Canada, December 6, 2019. REUTERS/Todd Korol/File Photo

OTTAWA (Reuters) - Canadian housing starts fell 19.8% in April compared with the previous month on a sharp decline in multiple urban starts, data from the Canadian Mortgage and Housing Corporation showed on Monday.

The seasonally adjusted annualized rate of housing starts fell to 268,631 units from a revised 334,759 units in March, Canada's national housing agency said. Analysts had expected 280,000 unit starts in April.

Canada housing starts fall 19.8% on month in April - CMHC
 

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Wayne Gillispie
Wayne Gillispie May 17, 2021 10:11AM ET
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Great. Maybe we can afford a piece of lumber again.
 
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