November 8, 2016 / 1:32 PM / in a year

Canada housing starts slow in October: CMHC

OTTAWA (Reuters) - Canadian housing starts slowed in October as condo construction pulled back after a surge in September, data from the national housing agency showed on Tuesday.

A sign advertises a condominium development on a lot in Toronto, Ontario, Canada October 3, 2016. REUTERS/Chris Helgren

The seasonally adjusted annualized rate of housing starts fell to 192,928 units in October, roughly in line with expectations, from a revised 219,363 rate in September. Multiple urban starts - typically condos and apartments - fell 15.3 percent to 115,402 units, while single-detached urban starts notched a milder 5.4 percent decline to 60,729 units.

Reporting by Andrea Hopkins

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below