Canada Mortgage and Housing Corp. says the annual pace of housing starts ticked higher in October, boosted by construction of multi-unit homes.
The housing agency says housing starts for the month came in at a seasonally adjusted annual rate of 222,771 units in October, up from 219,293 units in September.
The annualized pace of urban starts increased by 2.5 per cent in October to 205,935 units boosted by a 12.5 per cent jump in multiple urban starts to 149,593.
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