October 9, 2018 / 12:43 PM / 2 months ago

Canadian housing starts fall in September as multiple units slide: CMHC

FILE PHOTO: Construction equipment is parked at the bottom of a pit on the site of a new condominium complex off Redpath Avenue in Toronto, Ontario, Canada April 1, 2017. REUTERS/Chris Helgren/File Photo

TORONTO (Reuters) - Canadian housing starts fell in September compared with the previous month as multiple urban starts tumbled 8.9 percent, offsetting a 2 percent rise in single-detached urban starts, data from the national housing agency showed on Tuesday.

The seasonally adjusted annualized rate of housing starts fell to 188,683 units from a revised 198,843 units in August, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to rise to 210,000.

Reporting by Fergal Smith; Editing by Bernadette Baum

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