November housing starts up 9.4% from October

Canada Mortgage and Housing Corp. says the annual pace of housing starts rose 9.4% in November.

The national housing agency says the seasonally adjusted annual rate of housing starts came in at 254,058 units in November, up from 232,245 units in October.

The annual pace of rural starts was estimated at 20,485 units.

Actual housing starts were down 3% year-over-year in centres with a population of 10,000 or greater, with 21,870 units in November, compared with 22,501 a year ago.

CMHC says the year-to-date total was 219,077 units, up 4% from the same period in 2024.

The six-month moving average of the seasonally adjusted annual rate of housing starts was down 1.7% in November at 264,445 units.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.