off-the-wire

Canadian housing starts fall more than expected in October

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canadian housing starts fall more than expected in October teaser image

TORONTO, Nov 18 (Reuters) - Canadian housing starts fell 17% in October from the previous month, data from the national housing agency showed on Tuesday.

The seasonally adjusted annualized rate of housing starts dropped to 232,765 units from a revised 279,174 units in September, the Canada Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 265,000.

Reporting by Fergal Smith; Editing by Susan Fenton

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