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Canadian housing starts surge 8% in November, exceeding expectations to reach 262,443 units.
Canadian housing starts rose 8% in November to 262,443 units, higher than the anticipated 245,100 units.
The increase was mainly due to a rise in multi-unit urban starts in provinces like Quebec, Alberta, and British Columbia.
Despite the monthly surge, the six-month average remains stable at around 243,000 units.
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La vivienda canadiense comienza a aumentar 8% en noviembre, superando las expectativas de alcanzar 262.443 unidades.