Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Pace of housing starts picks up in November, growth from multple-unit projects
OTTAWA – The pace of housing construction starts increased in November, mostly because of multiple-unit projects in urban areas.
Canada Mortgage and Housing Corp. said British Columbia led the country in growth in housing starts, followed by Quebec, Ontario and Atlantic Canada.
There was a decline in urban starts in the Prairie region.
CMHC said the national rate of housing starts increased to 195,620 units last month on a seasonally adjusted basis from 183,659 in October.
The CMHC figures were in line with estimates from Thomson Reuters.
News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
