By Robb M. StewartOTTAWA--Canadian housing starts were modestly higher last month as multi-unit building continued to drive activity, though year-to-date starts are down. Housing starts across Canada came in at a seasonally adjusted annualized rate of 274,681 units for October, a 1.5% rise from the month before, Canada Mortgage and Housing Corp. said Thursday. The market was expecting 256,000 residential housing projects to have started for the month, according to economists at TD Securities.

Source: Wall Street Journal November 17, 2023 05:53 UTC