Housing starts across Canada have now been above the 200,000 level for 29 consecutive months.
The housing market will continue to moderate both this year and next as demand for home ownership eases toward more sustainable levels.
Strong employment and income gains, coupled with low mortgage rates continue to bolster consumer confidence and demand for homes.
Despite the rise in multiple starts in March, single starts decreased for a second consecutive month suggesting the pace of new home starts will begin to pull back.
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