Canada: Housing starts increase in October
November 9, 2020
Housing starts rose to 214,875 units on a seasonally-adjusted annualized rate (SAAR) basis in October, according to the Canada Mortgage and Housing Corporation (CMHC), up from September’s 208,715-unit reading. October’s improvement was driven by a continued rise in single-detached urban starts, while multi-units moderated in the month.
Meanwhile, the six-month average of housing starts in urban areas increased to 222,734 units in October from 214,372 units in September.