Housing starts fall in August

OTTAWA — The standalone monthly rate of housing starts for all areas in Canada was 182,703 units in August seasonally adjusted, down from 194,663 units in July, according to Canada Mortgage & Housing Corp. The SAAR of urban starts decreased by 6.1% to 167,879 units. Multiple urban starts decreased by 7.3% to 111,378 units and single-detached urban starts decreased by 3.7% to 56,501 units. Urban starts decreased in the Prairies, British Columbia, Ontario, and in Atlantic Canada, but increased in Quebec. Rural starts were estimated at 14,824 units seasonally adjusted.