Canada’s annual pace of housing starts increased by eight per cent in November.
The seasonally adjusted annual rate of housing starts came in at 262,443 units.
That was compared to 242,207 units in October, according to the Canada Mortgage and Housing Corporation (CMHC).
Figures provided by the corporation show the annual rate of urban starts increased by nine per cent to 245,083 units.
Multi-unit urban starts climbed 11 per cent to 195,281 units while single-detached urban starts were up four per cent to 49,802 units.
The annual rate of rural starts was estimated to be around 17,360 units, according to the corporation.
Meanwhile, the six-month trend in housing starts was flat at 243,268 units. The trend measure is a six-month moving average of the seasonally adjusted annual rate of total housing starts.
The actual number of housing starts so far this year in urban centres is up three per cent to 204,920.
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