Canada Mortgage and Housing Corp. says there’s been an increase in the overall annual rate of housing starts. (Photo by THE CANADIAN PRESS)

Annual pace of housing starts picked up in November, tops expectations

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November picked up compared with October.

The seasonally adjusted annual rate of housing starts in Canada was 215,941 units in November, up from 206,753 in October.

Economists had expected an annual rate of 198,000, according to Thomson Reuters Eikon.

The increase in the overall annual rate of housing starts came as the pace of urban starts increased by 2.2 per cent in November to 202,054 units.

The annual rate of urban multiple-unit projects such as condominiums, apartments and townhouses grew 3.9 per cent to 151,596 units, while single-detached urban starts fell 2.3 per cent to 50,458.

Rural starts were estimated at a seasonally adjusted annual rate of 13,887 units.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Red Deer city council to vote on mandatory face mask bylaw

The City of Red Deer’s administration is recommending a mandatory face mask… Continue reading

76 new cases of COVID-19 reported Thursday

Active cases at 1,036, 10,713 recovered cases

Lethbridge supervised drug site to shut down at the end of month

LETHBRIDGE — The operator of one of the busiest supervised drug consumption… Continue reading

Red Deer recreation facilities much less busy than previous summers

While Red Deer recreation facilities are getting busier, there still isn’t nearly… Continue reading

Rocky Mountain House residents slam mandatory mask wearing

Town council has taken no position on mandatory masking but says it’s worth discussing

Cast your votes for Best of Red Deer

The Advocate’s Best of Red Deer Readers’ Choice Awards are back. Community… Continue reading

Michael Dawe: Indecision almost prevented creation of downtown oasis

One of the crown jewels of Red Deer is City Hall Park,… Continue reading

Kang makes solid start in bid for 3rd straight LPGA Tour win

Kang makes solid start in bid for 3rd straight LPGA Tour win

Canadian Roger Sloan shoots career-low round, tied for lead at Wyndham

Canadian Roger Sloan shoots career-low round, tied for lead at Wyndham

NCAA cancels fall championships as major football marches on

NCAA cancels fall championships as major football marches on

The NBA’s regular season, at long last, is about to close

The NBA’s regular season, at long last, is about to close

Canadiens coach Claude Julien in hospital with chest problems, Muller takes over

Canadiens coach Claude Julien in hospital with chest problems, Muller takes over

Marlins finally get to go home after beating Blue Jays 14-11

Marlins finally get to go home after beating Blue Jays 14-11

Most Read