Canada: Housing starts moderate for the sixth consecutive month in October
Housing starts fell to 236,554 units on a seasonally-adjusted annualized rate (SAAR) basis in October according to the Canada Mortgage and Housing Corporation (CMHC), from September’s 249,922-unit reading. October’s slight fall was driven by a dip in multi-urban starts over the previous month.
Meanwhile, the six-month average of housing starts in urban areas fell to 264,264 units in October from 270,661 units in September.