Apr 18, 2026
Housing starts were 20K short of estimates in March, falling to 236K on weakness in multi-unit activity…
… but still up versus last year, with gains in Ontario and Quebec carrying softer numbers out of Western Canada.
Unabsorbed inventory moderated slightly, the second straight monthly draw - but the time it takes to move those units picked back up…
… which should keep a lid on new unit construction in the near-term.
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