The annual pace of housing starts in September fell compared with August as they continued to slow from their highs reached earlier this year.
Canada Mortgage and Housing Corp. said Monday the seasonally adjusted annual rate of housing starts last month was 251,151 units, down 4.4% from 262,754 in August.
CIBC senior economist Royce Mendes said the slowdown was roughly in line with expectations. # SANDI HALPERN # SOLD # LEASED # CONSTRUCTION SLOWDOWN
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