CMHC Says Annual Pace of Housing Starts Fell 10% in July

CMHC Says Annual Pace of Housing Starts Fell 10% in July
New homes are constructed in Ottawa on Aug. 14, 2023. The Canadian Press/Sean Kilpatrick
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 percent compared with June when they posted their strongest showing so far this year.

The national housing agency says the seasonally adjusted annual rate of housing starts in July came in at 254,966 units compared with 283,498 in June.