The seasonally adjusted annual rate of single-family housing starts in Canada softened slightly in the latest month but the volatile multifamily segment surged. "Despite a small decline in single-home starts in October, the level of single-home starts remains at its second highest level since October 2008," said Bob Dugan, chief economist, Canada Mortgage and Housing Corp. In total, the seasonally adjusted annual rate of single-family and multifamily starts combined was 157,300 during the month, up from 149,300 the previous month, according to CMHC.
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