Canadian housing starts fall 1% in August -CMHC
Tweet
Share
E-mail
FILE PHOTO: A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo
TORONTO (Reuters) - Canadian housing starts fell 1% in August compared with the previous month as groundbreaking decreased on multiple-unit projects, data from the national housing agency showed on Monday.
The seasonally adjusted annualized rate of housing starts fell to 252,787 units from a revised 255,232 units in July, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 247,100.
(Reporting by Fergal Smith, Editing by Louise Heavens)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UN official says Hamas obstructing aid in Gaza
- Brazil's top court bars Senator Bolsonaro from visiting his father
- Canada regulator cited Anthropic's Claude Mythos in warning to banks on cyber risks, email shows
Create E-mail Alert Related Categories
ReutersRelated Entities
Housing StartsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
