Housing Starts Down Seven Percent in March From February: CMHC

Work continues at a new housing development in Belleville, Ont., on March 1, 2024. The Canadian Press/Chris Young

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven percent compared with February.

The national housing agency says the seasonally adjusted annual rate of housing starts amounted to 242,195 units in March compared with 260,047 in February.