Housing starts drop in Atlantic Canada
On Wednesday, the Crown corporation reported April`s seasonally adjusted annual rates of urban starts decreased in Atlantic Canada (40.8 per cent), Ontario (14.9 per cent) and British Columbia (5.6 per cent). Urban starts increased in Quebec (14.8 per cent) and the Prairies (9.3 per cent).
On a monthly basis, housing starts were trending nationally at 182,754 units in April compared to 188,369 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts.
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