The Canadian housing sector continued to show solid growth in February as housing starts moved up about 6.5% from the previous month. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of starts came in at 181,900 units. That’s up from 170,600 units in January.

The federal agency says the rise was due primarily to increased activity in the multi-family starts in Ontario and the Prairies. The seasonally adjusted annual rate of urban starts increased by 9.4% to 161,000 units in February. Rural starts were estimated at a seasonally adjusted annual rate of 20,900 units in February.

Source: The Canadian Press