CMHC Says Annual Pace of Housing Starts in Canada Slowed in August

CMHC Says Annual Pace of Housing Starts in Canada Slowed in August
New home construction is seen in the Barrhaven neighbourhood of Ottawa on Aug. 30, 2024. The Canadian Press/Patrick Doyle
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Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed 22 percent compared with July.

The national housing agency says the seasonally adjusted annual rate of housing starts came in at 217,405 units in August, down from 279,804 a month earlier.