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Canadian housing starts rise slightly in February, says CMHC

Kitco Media
By Reuters
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Reuters
Canadian housing starts rise slightly in February, says CMHC teaser image

OTTAWA, March 16 (Reuters) - Canadian housing starts ​rose slightly in ‌February compared with the previous ​month, indicating ​that the trend in ⁠new construction ​remains steady despite ​monthly volatility, the national housing agency ​said on ​Monday.

The seasonally adjusted annualized ‌rate ⁠of housing starts edged up to 250,900 units ​from ​a ⁠revised 240,148 units in ​January, the ​Canada ⁠Mortgage and Housing Corporation ⁠said ​in a ​release.

Reporting by David Ljunggren Editing ​by Ros Russell

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