OTTAWA—The pace of housing starts in Canada slowed in September compared with August, but stayed over 200,000 for the fourth month in a row. Canada Mortgage and Housing Corp. said Tuesday the seasonally adjusted annual rate of housing starts slipped to 217,118 units in September, down from 225,918 units in August. The pace of multi-unit urban starts — condos, apartment buildings and the like — dropped 10.7 per cent to 131,388. In the Toronto region, CMHC said the pace of housing starts trended lower by seven per cent in September compared with August, led by a drop in apartment starts. The annual pace of rural starts were estimated at a seasonally adjusted annual rate of 18,208.

Source: thestar October 10, 2017 13:43 UTC