October 8, 2019 / 12:45 PM / 12 days ago

Canadian housing starts decline 2.5% in September: CMHC

TORONTO (Reuters) - Canadian housing starts in September fell from the previous month as groundbreaking dropped by more than 9% on single-detached urban homes, data from the national housing agency showed on Tuesday.

The seasonally adjusted annualized rate of housing starts fell 2.5% to 221,202 units from a revised 226,871 units in August, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 214,500 units.

Reporting by Fergal Smith; Editing by David Goodman

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