{"id":15634,"date":"2023-04-20T09:48:54","date_gmt":"2023-04-20T16:48:54","guid":{"rendered":"https:\/\/essential.construction\/news\/cmhc-reports-annual-pace-of-housing-starts-in-canada-slowed-in-march\/"},"modified":"2023-04-20T09:48:54","modified_gmt":"2023-04-20T16:48:54","slug":"cmhc-reports-annual-pace-of-housing-starts-in-canada-slowed-in-march","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/cmhc-reports-annual-pace-of-housing-starts-in-canada-slowed-in-march\/","title":{"rendered":"CMHC reports annual pace of housing starts in Canada slowed in March"},"content":{"rendered":"

\"-\"<\/a>
\n<\/p>\n

\n

April 20, 2023, Ottawa \u2013 Canada Mortgage and Housing Corp. says the annual pace of housing starts in March fell 11 per cent compared with February.<\/p>\n

The national housing agency says the seasonally adjusted annual rate of housing starts in March came in at 213,865 units, down from 240,927 in February.<\/p>\n

The drop came as the annual rate of urban starts in the month fell 12 per cent with 192,545 units.<\/p>\n

The annual rate of multi-unit urban starts fell 11 per cent to 151,769 for March, while the pace of single-detached urban starts fell 16 per cent to 40,776.<\/p>\n

The annual rate of rural starts was estimated at 21,320 units for the month.<\/p>\n

The six-month moving average of the monthly seasonally adjusted annual rate was 240,669 in March, down six per cent from 254,658 in February.<\/p>\n

This report by The Canadian Press was first published April 19, 2023.<\/em><\/p>\n<\/p><\/div>\n