Housing starts slide in July

OTTAWA — The monthly rate (seasonally adjusted) of housing starts in Canada was 222,013 units in July, according to the Canada Mortgate and Housing Corp., down 9.6% from 245,455 units in June. The seasonally adjusted annual rate of urban starts decreased by 10.4% in July to 209,122 units. Multiple urban starts decreased by 12% to 162,722 units in July while single-detached urban starts decreased by 4.6% to 46,400 units. Rural starts were estimated at a SAAR of 12,891 units.