CMHC reports February housing starts up 4.5 per cent from January

Modern Construction and Infrastructure Development Concept.

Canada Mortgage and Housing Corp. says the annual pace of housing starts rose 4.5 per cent in February.

The national housing agency said the seasonally adjusted annual rate of housing starts was 250,900 units in February compared with 240,148 units in January.

Housing starts can vary considerably month-to-month as big projects get started. The six-month moving average of the seasonally adjusted annual rate of housing starts...