CMHC Says Annual Pace of Housing Starts in June Down 9% From May

New homes are constructed in Ottawa on Aug. 14, 2023. The Canadian Press/Sean Kilpatrick

Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell nine percent compared with May.

The housing agency says the seasonally adjusted annual rate of housing starts in June amounted to 241,672 units, down from 264,929 in May.