Canadian Housing Starts Edge Upward in October

Canadian housing starts in October totaled 216,770 units, up nearly 1% from September. The standalone monthly seasonally adjusted annual rate (SAAR) was 222,771, increasing 1.6% when compared to the previous month.  The SAAR of urban starts increased 2.5% from September to 205,935. Multiple urban starts increased 12.5% in October to 149,593 and single-family totals decreased by 17.1% from September to 56,342.  See Canada Mortgage and Housing Corporation