Share this article Share this article OTTAWA, ON, March 15, 2021 /CNW/ - The trend in housing starts was 242,777 units in February 2021, down from 244,963 units in January 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. Housing Starts in Canada - All Areas (CNW Group/Canada Mortgage and Housing Corporation) Bob Dugan, CMHC Chief Economist (CNW Group/Canada Mortgage and Housing Corporation) "The national trend in housing starts declined in February, but remained elevated," said Bob Dugan, CMHC's chief economist. "Single-detached SAAR starts declined in February following strong growth in January, particularly in Montreal. Multi-family SAAR starts also declined in several centres in February, further contributing to the decline in the overall trend."