Housing starts rise in November

OTTAWA — The seasonally adjusted annual rate of housing starts in Canada was 246,033 units in November, up 14.4 percent from 215,134 units in October, according to the Canada Mortgage and Housing Corp. The SAAR of urban starts for the month rose by 15 percent to 233,106 units. Multiple urban starts increased by 22.5 percent to 177,661 units, while single-detached urban starts decreased by 3.8 percent to 55,445 units. Rural starts were estimated at a SAAR of 12,927 units.