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CMHC says annual pace of housing starts in October up 1% from September

  • Canada Mortgage and Housing Corp. reports that housing starts in October increased by one percent compared to September.
  • Urban housing starts rose by two percent, with multi-unit starts increasing by one percent and single-detached starts increasing by nine percent.
  • Montreal and Toronto experienced declines in housing starts, while Vancouver saw a 35 percent increase, driven by a 40 percent rise in multi-unit starts.
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BIV News broke the news in on Thursday, November 16, 2023.
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