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November Housing Starts +14.4% to 246K vs 215K Expected

  • Multiple urban starts increased by 22.5% to 177,661 units in November while single-detached urban starts decreased by 3.8% to 55,445 units
  • Multi-family starts were particularly strong in Vancouver and Montreal, Canada Mortgage and Housing Corp. said Tuesday
  • Housing has shown strength through most of pandemic, fueled by low mortgage rates and demand for bigger properties amid social distancing rules
MNI Ottawa Bureau | +1 613-314-9647 |
MNI Ottawa Bureau | +1 613-314-9647 |

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