Invest in Canada

Housing starts fall 11% in January

Housing starts declined last month in Canada as falling sales for existing homes weakened demand for new construction, Canada Mortgage and Housing Corporation said Monday. Construction began on 153,500 units in January, on a seasonally adjusted annual rate, down from 172,200 the previous month, CMHC said.
Urban housing starts dropped 15.6% to 126,700 units last month, [...]