Canada housing starts jump 21.6% on month in March



© Reuters.

OTTAWA, April 19 (Reuters) – Canadian housing starts rose 21.6% in March compared with the previous month on a surge in multiple urban starts, data from the Canadian Mortgage and Housing Corporation showed on Monday.

The seasonally adjusted annualized rate of housing starts rose to 335,200 units from a revised 275,567 units in February, Canada’s national housing agency said. Analysts had expected 250,000 unit starts in March.

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