Canadian housing starts fall more than expected in October
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A residential housing neighborhood is seen in West Vancouver, British Columbia, Canada October 10, 2022. REUTERS/Chris Helgren
TORONTO (Reuters) -Canadian housing starts fell 17% in October from the previous month, data from the national housing agency showed on Tuesday.
The seasonally adjusted annualized rate of housing starts dropped to 232,765 units from a revised 279,174 units in September, the Canada Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 265,000.
(Reporting by Fergal Smith; Editing by Susan Fenton)
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