Housing starts rise in November

OTTAWA — The standalone monthly seasonal rate of housing starts in Canada was 252,184 units in November, the Canada Mortgage and Housing Corp. reported, up from 222,695 units in October. The SAAR of urban starts increased by 14.4% in November to 235,412 units. Multiple urban starts increased by 16.9% to 175,016 units in November. Single-detached urban starts increased by 7.5%, to 60,396 units. Rural starts were estimated at a seasonally adjusted annual rate of 16,772 units.