April 10, 2017 / 12:36 PM / in 6 months

Canada housing starts rise in March -CMHC

OTTAWA, April 10 (Reuters) - Canadian housing starts jumped far more than expected in March, data from the Canada Mortgage and Housing Corporation showed on Monday in a report that suggested the real estate market was continuing to defy expectations of a slowdown.

The seasonally adjusted annual rate of housing starts rose to 253,720 units in March, topping economists’ forecasts for 215,000. February was revised slightly higher to 214,253 units.

Reporting by Leah Schnurr Editing by W Simon

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below