By Yali N'Diaye
OTTAWA (MNI) - Canadian housing starts showed resilience in April, when
they held above 190,000 despite edging down 0.5% on the month to a seasonally
adjusted annual rate of 191,512, the Canada Mortgage and Housing Corporation
The April report was roughly in line with analysts' expectations in a MNI
survey that had centered on 190,000.
March was revised down to 202,375 from 204,251.
The six-month trend edged down to 195,064 from 196,103.
"While the trend for Canada remained stable in April, there were
off-setting differences at the local level, notably in Vancouver and Montreal,"
said CMHC Chief Economist Bob Dugan.