Canada housing starts fall 19.8% on month in April - CMHC
Reuters
Published May 17, 2021 08:42AM ET
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.
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Written By: Reuters
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