OTTAWA - The pace of housing starts climbed in January from a month earlier on gains in Ontario and Quebec while starts declined in Western Canada, said Canada Mortgage and Housing Corp. The federal housing agency said Monday that January saw a seasonally adjusted annual rate of 213,224 units started, up 8.8 per cent from the 195,892 starts in December. Of those, rural starts were estimated at a seasonally adjusted annual rate of 10,817 units. Gains were concentrated in multi-family buildings like apartments and condos that saw a 13.2 per cent increase in starts, while single-detached home starts slipped 2.1 per cent to 55,100 units. The data showed similar trends to housing starts, as the value of multi-family permits climbed 15.9 per cent to $2.9 billion in the Month, while single-family permits were down 3.2 per cent to $2.2 billion.

Source: thestar February 10, 2020 13:45 UTC