Canada housing starts rise in March

Canada housing starts rise in March
12/04/2017 , by , in INTERNATIONAL

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.

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