February housing starts increased 14% from January: CMHC

OTTAWA - jumped 14 per cent to 253,468 in February from a month earlier on a seasonally adjusted annual rate, which allows for better month-to-month comparison.shortage continues, the focus for developers continues to shift towards multi-unit construction in Canada's major centres,” said Bob Dugan, CMHC's Chief Economist, in the release.startsCanada was seeing on a six-month trend in late 2022, before rising interest rates hit borrowing costs and created recession concerns.

“We think they'll head lower as the year progresses, with past weakness in home sales filtering through into home building.”“Some of the increase is likely being helped by the atypically mild winter weather seen this year, which could also be supporting activity in the resale market.” Expectations for rate cuts later this year are also helping drive the resale market, which on an economy-wide basis, could help make up for a slowdown in building, she said.

“Homebuilding is still likely to show a modest retreat in Q1 overall, but the drag on GDP growth from residential investment will be limited by the increase in resale activity.”Police response to the Uvalde shooting was riddled with failures, new DOJ report saysRenters have harder time accumulating wealth than homeowners: RBC economist

Half of the homes for sale in February in these 7 regions in the GTA cost more than $1 million: reportVaughan's Christopher Morales Williams riding with confidence as NCAA indoor 400m champAlec Baldwin seeks dismissal of grand jury indictment in fatal shooting of cinematographerAuthorities seize ailing alligator kept illegally in New York home's swimming poolWhy do I wake up at 3 a.m.

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