Ottawa housing starts bounce back big in March: CMHC


Developers in the National Capital Region broke ground on 1,196 new dwelling units last month, up from 634 in March 2020, CMHC said Monday. 

The biggest gain came in the construction of multi-unit housing projects such as apartments and condos. Multi-unit starts more than doubled year-over-year from 423 to 863, reversing a dramatic decline in February that saw the number of new builds plummet nearly 50 per cent. 

Single-detached starts, meanwhile, increased by 60 per cent last month compared with March 2020. Builders started work on 333 new homes, up from 211 a year earlier.

Activity was particularly brisk on the Ottawa side of the river, where the number of starts jumped from 523 to 1,014 ​– an increase of 94 per cent.

Read more at Ottawa Business Journal