Market news
19.04.2021, 12:35

Canada’s housing starts rise much more than expected in March

The Canada Mortgage and Housing Corp. (CMHC) reported on Monday the seasonally adjusted annual rate of housing starts was at 335,200 units in March, up 21.6 percent from an upwardly revised 275,567 units in February (originally 245,922 units). This was the highest level since records became available in January 1977.

Economists had forecast an annual pace of 250,000 for March.

According to the report, urban starts climbed by 24.4 percent m-o-m last month to 300,973 units, as multiple urban starts surged by 33.8 percent m-o-m to 222,358 units, while single-detached urban starts rose by 3.6 percent m-o-m 78,615 units. At the same time, rural starts were estimated at a seasonally adjusted annual rate of 34,227 units

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location