Housing starts up in June

OTTAWA — Housing starts in May were at an annualized rate of 248,138 units in June, according to the Canada Mortgage and Housing Corp., up from 193,902 units in May. The SAAR of urban starts increased by 29.9% in June to 228,844 units. Multiple urban starts increased by 46.4% to 172,845 units in June while single-detached urban starts decreased by 3.5% to 55,999 units. Rural starts were estimated at a seasonally adjusted annual rate of 19,294 units.