Canada Mortgage and Housing Corp. reports annual rate of housing starts rose in April
Canada Mortgage and Housing Corp. says the annual pace of new home construction in April rose eight per cent compared with March.
The housing agency says the seasonally adjusted annual rate of housing starts in April was 267,330 units, up from 248,389 in March.
The increase came as the annual rate of urban starts rose 10 per cent to 245,324 units in April.
The annual rate of multi-unit urban starts rose 14 per cent to 178,092, while the pace of single-detached urban starts increased by one per cent to 67,232.
Rural starts were estimated at a seasonally adjusted annual rate of 22,006 units.
The six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 257,846 units in April, up from 253,226 in March.
This report by The Canadian Press was first published May 16, 2022
MORE Business News
As inflation rates soar to the highest they've been in Canada in nearly forty years, nearly half of Canadians say that right now, they're doing worse financially than they were at this time last year.
As Canada’s inflation soars, two ‘extreme couponers’ offer their advice on how to save at the grocery store.
With Statistics Canada reporting a 9.7 per cent increase in food costs over the last year, Canadians are being pushed to find ways to pinch pennies at the grocery stores. Here are some ways to save.
As fuel prices reach record highs and drive inflation, there have been growing calls for governments to temporarily suspend or reduce gas taxes. CTVNews.ca spoke with experts on whether a gas tax holiday makes sense in Canada.
Soaring gas prices helped the annual inflation rate in May soar to its highest level in nearly 40 years, as the rising cost of living for Canadians squeezed household budgets and bolstered expectations the Bank of Canada will opt for a supersized interest rate hike next month.
More Canadians are facing challenges to save for retirement security as inflation continues to soar and markets decline, a new survey has found.
An Ontario student is warning people of the risk that comes with failing to report a lost debit card after $14,000 in fraudulent deposits landed in her RBC account.
With the world opening up, there’s been a renewed interest in travelling and working in different countries as a digital nomad. So how much money do you need to make it work abroad? Contributor Christopher Liew breaks it down in an exclusive column for CTVNews.ca.