Housing starts fall in July

OTTAWA — The standalone monthly rate of housing starts for all areas in Canada was 198,395 units (seasonally adjusted) in July, down from 218,326 units in June, according to Canada Mortgage and Housing Corp. The SAAR of urban starts decreased by 9.9% in July to 182,620 units. Multiple urban starts decreased by 13.3% to 123,630 units in July and the single-detached urban starts decreased by 1.8% to 58,990 units. In July, the seasonally adjusted annual rate of urban starts decreased in Quebec, British Columbia, Ontario, and in Atlantic Canada, but increased in the Prairies. Rural starts were estimated at a seasonally adjusted annual rate of 15,775 units.