(Ottawa) The annual pace of housing starts in October accelerated compared to September, the Canada Mortgage and Housing Corporation said Thursday.
The nation’s seasonally adjusted annual rate of housing starts last month was 274,681 units, up 1% from September’s 270,669 units, the federal agency said.
The pace of housing starts in urban centers increased 2% to 257,357 units. In these centers, multiple housing starts climbed 1% to 209,887 units and single-family starts advanced 9% to 47,470 units.
CMHC said the annual pace of housing starts in Montreal fell 43% and 24% in Toronto, while Vancouver’s housing starts rose 35%, boosted by a 40% increase in starts. under construction of collective housing.
The annual pace of rural housing starts for October was estimated at 17,324.
The six-month moving average of the seasonally adjusted monthly annual rate of housing starts in October was 256,280 units, up 1% from September’s 253,957 units.
