September 11, 2018 / 12:42 PM / 15 days ago

Canada housing starts fall in August as multiples and singles drop: CMHC

TORONTO (Reuters) - Canadian housing starts fell in August compared with the previous month as groundbreaking on multiple unit and single detached urban homes decreased, data from the Canada Mortgage and Housing Corporation showed on Tuesday.

FILE PHOTO: A "For Sale" sign stands in front of a home that has been sold in Toronto, Canada, June 29, 2015. REUTERS/Mark Blinch/File Photo

The seasonally adjusted annualized rate of starts declined to 200,986 units from a revised 205,751 units in July. Economists had expected starts to rise to 210,300 homes.

Reporting by Fergal Smith

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