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By Special to MoneySense on May 9, 2016
Estimated reading time: 1 minute

Housing starts in Ontario, Quebec slowed in April

By Special to MoneySense on May 9, 2016
Estimated reading time: 1 minute

Most other regions of the country saw increases

This article is 9 years old. Some details may be outdated.

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OTTAWA – The pace of Canadian housing starts slowed in April to the lowest level in three months. Most regions of the country saw increases in urban areas on a seasonally adjusted basis but there were declines in Ontario and Quebec. 8 reasons why Vancouver real estate prices are so crazy » Canada Mortgage and Housing Corp. says the seasonally adjusted rate for housing starts last month was 191,512 units — down from 202,375 units in March and 212,594 units in February Ontario’s seasonally adjusted rate for urban starts fell to 62,672 starts in April, down from 85,518 in March while Quebec’s urban starts fell to 27,423 from 29,696. Top 25 Toronto neighbourhoods to buy in » The seasonally adjusted rate also fell in rural areas to 19,098 from 16,702. In terms of types of housing, urban multiple-dwelling starts fell by 4,945 to 177,851 and single-detached housing starts fell by 3,522 to 56,959. The CMHC’s six-month trend in April was 195,064 units — down from 196,103 in March.

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