TREB – Economic Commentary – May 2010
Summary:
Canadian Housing starts climbed in April, reaching a
seasonally adjusted annual rate of 201,700 units – a 1.3 per cent
increase from the upwardly revised rate of 199,200 units recorded in
March. Multiple-family starts drove the increase, rising 27 per cent to
98,600 units. Single-detached starts dipped 12.7 percent to 83,900
units, breaking an 11-month streak of gains. Within the GTA, starts
rose 25 per cent to an annual rate of 32,800 units. This increase was
also on the back of a strong multiple-family starts.
Download PDF :Canadian Housing Starts April 2010
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Recipient of the President's Gold Award 2006-2010.
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