The seasonally adjusted annual rate of housing starts in Canada fell to 213,700 units in August from 236,500 units in July, according to Canada Mortgage and Housing Corp."Housing starts decreased in August solely due to a decline in the multiple [multifamily] starts segment," said Bob Dugan, chief economist at CMHC. "After three consecutive months of increases, the volatile multiple starts segment dropped to its lowest level of the year in August. Single-detached starts moved higher from their lackluster performance in July, but not markedly so." Canada Mortgage and Housing Corp. can be found online at http://www.cmhc.ca.
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