Housing starts fall in September

OTTAWA — Housing starts in September slid to a seasonally adjusted annual rate of 208,980 units, the Canada Mortgage and Housing Corp. reports, down 20.1 percent from 261,547 units in August. The SAAR of urban starts decreased by 21.1 percent to 195,909 units. Multiple urban starts decreased by 27 percent to 146,005 units while single-detached urban starts increased by 3.4 percent to 49,904 units. Rural starts were estimated at a SAAR of 13,071 units.