Bloomberg News

Canadian Housing Starts Increase for Second Month in March

April 09, 2013

Canadian housing starts unexpectedly increased for a second month in March, Ottawa-based Canada Mortgage & Housing Corp. said on its website today.

Housing starts were 184,028 at a seasonally adjusted annual pace during the month, up from a revised 183,207 in February, the agency said. Economists forecast a reading of 175,000 according to the median of 19 responses to a Bloomberg News survey.

Home starts have increased since January’s reading of 163,945 units, which was the lowest since 2009.

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net


Too Cool for Crisis Management
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus