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FLCA - Housing starts in Canada rose by 22% in April
Franklin FTSE Canada
2023-05-16 08:22:22 ET
Housing starts in Canada rose by 22% over a month earlier to 261,600 units in April of 2023, above market expectations of 224,600 units.
The SAAR of total urban starts increased 26% to 241,585 units recorded in April, as multi-unit urban starts surged 33% to 201,621 units while single-detached urban starts decreased 2% to 39,964 units.
The rural starts monthly SAAR estimate was 19,974 units.