Canadian housing starts fall 6% in May
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A person walks in front of new homes under construction in Brampton, Ontario, Canada July 13, 2022. REUTERS/Carlos Osorio
TORONTO, June 15 (Reuters) - Canadian housing starts fell 6% in May from the previous month, which was a smaller decline than expected, data from the national housing agency showed on Monday.
The seasonally adjusted annualized rate of housing starts decreased to 261,377 units from a revised 278,380 units in April, the Canada Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 255,000.
(Reporting by Fergal Smith; Editing by Andrew Cawthorne)
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