Housing starts off in Oct. with drops in all regions: CMHC
By The Canadian Press - Thursday, November 8, 2012 - 0 Comments
OTTAWA – Canada Mortgage and Housing Corp., says the pace of housing starts slowed…
OTTAWA – Canada Mortgage and Housing Corp., says the pace of housing starts slowed in October.
The agency says there were 17,507 actual starts last month.
That translates into a seasonally adjusted annual rate of 204,107 starts, down from an annual rate of 223,995 recorded in September.
The agency says there were drops in both single- and multiple-unit starts in urban areas last month.
Declines were recorded in all regions, with Quebec reporting the biggest drop at 16.9 per cent.
