By: Leah Schnurr
OTTAWA: Canadian housing starts jumped far more than expected in March, data from the Canada Mortgage and Housing Corporation showed on Monday in a report that suggested the real estate market was continuing to defy expectations of a slowdown.
The seasonally adjusted annual rate of housing starts rose to 253,720 units in March, topping economists’ forecasts for 215,000. February was revised slightly higher to 214,253 units.
(Editing by W Simon)
Source: Reuters