Canadian housing starts jump 30% in April, CMHC says
Tweet
Share
E-mail
FILE PHOTO: A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo
TORONTO (Reuters) -Canadian housing starts rose 30% in April compared with the previous month, a far bigger increase than was expected, data from the national housing agency showed on Thursday.
The seasonally-adjusted annualized rate of housing starts climbed to 278,606 units from a revised 214,205 units in March, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to rise to 227,500.
(Reporting by Fergal SmithEditing by Tomasz Janowski)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Russian attack kills three near Ukraine's Kharkiv, governor says
- Health of Norway's king deteriorates while in hospital, palace says
- Iran says new sanctions threatened by 'desperate' US will fail
Create E-mail Alert Related Categories
ReutersRelated Entities
Housing StartsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
