Housing starts edge up in November

OTTAWA ― The seasonally adjusted annual rate of housing starts was 201,318 units in November, according to the Canada Mortgage and Housing Corp., a slight increase of 0.3% from 200,674 units in October. The SAAR of urban starts increased by 0.4% in November to 188,559 units. Multiple urban starts increased by 2.3% to 141,753 units in November while single-detached urban starts decreased by 5.1% to 46,806 units. Rural starts were estimated at a seasonally adjusted annual rate of 12,759 units.