Economics
Canadian Home Building Rebounds From Deep Freeze: Housing Update
- Level of new starts in March more consistent with demographics
- But Vancouver’s pricy market shows signs of lingering weakness
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Canada housing starts rebounded in March from a sluggish performance a month earlier, returning to levels more in line with demographics and highlighting the buoyancy of the nation’s battered real estate market.
Builders started an annualized 192,527 homes in March, the Canada Mortgage and Housing Corp. reported Monday. That’s up from 166,290 a month earlier, when excessively cold weather slowed construction.