Housing starts slip in August

OTTAWA — The seasonally adjusted annual rate of housing starts was 221,202 units in September, Canada Mortgage and Housing Corp. reports, down 2.5% from 226,871 units in August. The SAAR of urban starts decreased by 2.4% in September to 208,503 units. Multiple urban starts edged down by 0.2% to 159,742 units in September while single-detached urban starts fell by 9.2% to 48,761 units. Rural starts were estimated at a SAAR  of 12,699 units.