Housing starts rise in October

The annualized rate of housing starts in Canada rose by 8.0 percent in October to 240,761 units, according to CMHC, from 223,391 units in September. In urban areas, there have been 188,567 actual housing starts year-to-date in 2024. This compares to 187,722 for the same period in 2023, meaning actual year-to-date housing starts are statistically unchanged so far this year.