Housing starts spike in September

The annualized rate of housing starts in September was at the highest since November 2021 at 299,589 units, up 11 percent from August, the Canada Mortgage and Housing Corp. reports. The rate of urban starts rose 12 percent to 276,142 units, though single-detached urban starts were flat at 59,593 units. Rural starts were estimated at a pace of 23,447 units.