Condo building pushes housing starts higher

Condo construction in big cities pushed Canada’s rate of housing starts up by almost 25,000 units in May to 200,178, Canada’s housing agency said Monday.

The Canada Mortgage and Housing Corporation said the figure was up from 175,922 in April. Urban starts were up by 14.6 per cent, led by a 22.2 per cent rise in multiple urban starts such as condos to 114,346 units.

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