Economists had expected starts to rise to 224,600. (Reporting by Ismail Shakil in Ottawa, editing by Ed Osmond)
OTTAWA, May 15 (Reuters) - Canadian housing starts rose
22% in April compared with the previous month as groundbreaking
increased on multiple unit urban homes, data from the national
housing agency showed on Monday.
The seasonally adjusted annualized rate of housing starts
rose to 261,559 units from a marginally revised 213,780 units in
March, the Canadian Mortgage and Housing Corporation (CMHC)
said.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.