* Starts down to 204,107, below forecasts for 211,500
* Multiples, single starts both down in Oct
* Toronto multiple starts rise
By Andrea Hopkins
TORONTO, Nov 8 Canadian housing starts fell in
October as both single and multiple urban starts slumped, Canada
Mortgage and Housing Corp said on Thursday in a report that
confirms further slowing in the country's once-booming housing
The seasonally adjusted annualized rate of housing starts
was 204,107 units in October, down from 223,995 in September and
18.9 percent below the cyclical peak of 251,802 reached in
The slowdown was sharper than expected. Analysts polled by
Reuters had forecast starts would decline to 211,500 in October.
The September figure was revised up from the 220,215 units
"The monthly decrease in total housing starts posted in
October was mostly due to a decrease in both single and multiple
starts in urban centres in Quebec and the Prairies," Mathieu
Laberge, CMHC deputy chief economist, said in a statement.
"Multiple starts also declined in many urban centres in
Ontario, more than offsetting an increase in such starts in
Toronto," he added.
The seasonally adjusted annual rate of urban starts fell
10.1 percent to 182,134 units in October. Urban singles starts
decreased 7.6 percent to 62,402 units, while multiple urban
starts dropped 11.4 percent to 119,732 units.
October starts decreased in all regions, declining by 1.5
percent in British Columbia, 6.4 percent in Ontario, 12.3
percent in the Prairies, 16.8 percent in Atlantic Canada and
16.9 percent in Quebec.