Canadian housing starts fell 1% in August as groundbreaking decreased on multiple-unit projects

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Canadian housing starts fell 1% in August as groundbreaking decreased on multiple-unit projects
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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 said

Canadian housing starts fell 1 per cent 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 said. Economists had expected starts to fall to 247,100.

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