OTTAWA, ON -- Canadian housing starts dipped 1.5% to a seasonally adjusted annual rate of 186,400 units in September, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts moved lower in September due to a decrease in urban single starts in Atlantic Canada and Ontario,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Multiple starts were unchanged.”
The seasonally adjusted annual rate of urban starts decreased by 3.3 per cent to 163,200 units in September. Urban multiple starts were unchanged in September at 99,600 units, while single urban starts moved lower by 8.1 per cent to 63,600 units.
Read Canada Mortgage and Housing Corporation's press release.
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