Canadian housing starts rise slightly in February, says CMHC
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Construction workers work on new homes in Ottawa, Ontario, Canada, May 27, 2021. REUTERS/Patrick Doyle
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 LjunggrenEditing by Ros Russell)
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