Pace of housing starts picks up in November, growth from multple-unit projects

OTTAWA – The pace of housing construction starts increased in November, mostly because of multiple-unit projects in urban areas.

Canada Mortgage and Housing Corp. said British Columbia led the country in growth in housing starts, followed by Quebec, Ontario and Atlantic Canada.

There was a decline in urban starts in the Prairie region.

CMHC said the national rate of housing starts increased to 195,620 units last month on a seasonally adjusted basis from 183,659 in October.

The CMHC figures were in line with estimates from Thomson Reuters.