off-the-wire

Canadian housing starts increase 9.4% in November

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canadian housing starts increase 9.4% in November teaser image

TORONTO, Dec 15 (Reuters) - Canadian housing starts rose 9.4% in November from the previous month, data from the national housing agency showed on Monday.

The seasonally adjusted annualized rate of housing starts climbed to 254,058 units from a revised 232,245 units in October, the Canada Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to rise to 250,000.

Reporting by Fergal Smith; Editing by Kirsten Donovan

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