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Issue 17-49

Housing Starts

Urban housing starts (in centres with 10,000+ population) in the province began to bounce back in February, rising 6.8% (seasonally adjusted at annual rates) following a 32.9% drop-off in January.

Nationally, the number of starts edged up 0.9% in February, with strong gains occurring in most of western Canada as well as Quebec (+21.5%). In Atlantic Canada, there was a mixed bag of results, with strong gains in Newfoundland and Labrador (+33.8%) and Nova Scotia (+61.5%) offset by weakness in the rest of the region.

Source: Canada Mortgage and Housing Corporation

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