Canadian housing starts rise more than forecast in November

Canadian housing starts rise more than forecast in November

Canadian housing starts rose faster than economists forecast in November led by gains in Vancouver, adding to evidence the country’s real estate market remains stable.

The annual pace of home starts rose 4.4 percent to 215,941 units on a seasonally adjusted basis, the Ottawa-based Canada Mortgage and Housing Corp. said Monday. That exceeded the 198,000 unit median forecast in a Bloomberg survey of economists.

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