uULdIng
activity up
in March

‘NATIONAL HOUSING starts rose 12.
March to 120,300 units at a seasonally adjusted
annual rate, according to Canada Mortgage and
Housing Corporation (CMHC).

Urban single-detached construction moved up
23.8% to 58,300 units while starts of urban multi-
ple dwellings increased 5.3% to 44,000 units, in
March relative to February. February starts were
106.900 units.

“March numbers may be an indication that
‘there is some pick-up in demand,” said CMHC
analyst Michel Laurence. “Builders remain cau-
tious, given their inventory of new and unoccupied
units. Inventories of multiple units, in particular,
are still at high levels.”

British Columbia urbaa starts fell 3.7% from
February, despite a more active singles housing
market: The marginal drop was due to less multiple
unit construction, particularly condominiums in
the Vancouver area. Building for the rental market
also slowed across the province.

Ontario urban starts rose 5.5% in March com. TINY TOTS and. their parents play under a parachute during a recent Parent and Tot. sctvty class at the North
pared to February. Construction of. singles Vancouver recreation centre.
increased but fewer multiples were built in Toronto
as elsewhere jn the province. The rental segment
showed an increase while condominiums declined.

Urban starts in Quebec rose for the second con-
secutive month. Both single-detached and multiple
units contributed to the 14.4%. increase in March.

_ Activity.was up in Montreal, but a decline in rental. } oo Sy .
starts slowed multiple: construction elsewhere in - EE Mase  g2 21. 4 million ds spent annually 0 on oe hing mpi

_ the province. ; oa
Saskatchewan had its. highest evel since ome : ae : on the Ne or th Shor @.

“November (988 while Alberta benefited from more |. § “@ Y: . : We " . To reach this squeaky chest |

condominium starts: Manitoba activity was lower.
* Construction was up in all Atiantic provinces as where the ; cadership is.

activity‘ was. most evident in Newfoundland, New
; ’ Brunswick’ and Prince Edward Island.

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