Canada's housing starts rose 8% in October, reaching 240,761 units, with urban areas leading the gain.

Canada's housing market saw an 8% increase in the annual pace of housing starts in October, reaching 240,761 units. Urban starts rose 6% to 223,111 units, with multi-unit urban starts up 7% to 175,705 and single-detached urban starts up 1% to 47,406 units. Rural housing starts were estimated at 17,650 units. Despite the rise, the six-month moving average of housing starts remained flat at 243,522 units.

November 18, 2024
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