Canadian housing starts increase 9.4% in November
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FILE PHOTO: A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo
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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