Canada Mortgage and Housing Corp. says the annual pace of new home construction in April rose eight per cent compared with March.
The housing agency says the seasonally adjusted annual rate of housing starts in April was 267,330 units, up from 248,389 in March.
The annual rate of multi-unit urban starts rose 14 per cent to 178,092, while the pace of single-detached urban starts increased by one per cent to 67,232.The six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 257,846 units in April, up from 253,226 in March.A for sale sign displays a sold home in a development in Ottawa on Monday, July 6, 2015.
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