The Canada Mortgage and Housing Corp. (CMHC) reported on Monday the seasonally adjusted annual rate of housing starts was at 201,318 units in November, up 0.3 percent from a downwardly revised 200,674 units in October (originally 201,973 units).

Economists had forecast an annual pace of 207,500 for November.

According to the report, urban starts increased by 0.4 percent m-o-m last month to 188,559 units, as multiple urban starts rose by 2.3 percent m-o-m to 141,753 units, while single-detached urban starts fell by 5.1 percent m-o-m to 46,806 units. At the same time, rural starts were estimated at a seasonally adjusted annual rate of 12,759 units, down 0.1 percent m-o-m.