The pace of housing starts in this country fell in November for a third straight month.
Figures released this morning by Canada Mortgage and Housing Corp. say there were 17,646 actual starts last month, which translates to a seasonally adjusted annual rate of 196,125 units, down from 203,487 in October.
The decrease was mainly attributed to declines in single-detached and multi-unit housing construction in Ontario and British Columbia.
A 45.6% drop in starts in Atlantic Canada was primarily due to a decrease in multi-unit housing construction in Halifax, following higher than normal activity in October.
The seasonally adjusted annual rate of urban starts decreased by 4% to 174,323 units in November, with urban single starts off by 5.4% to 58,606 units and urban multiple starts down 3.2% to 115,717 units.
November's seasonally adjusted annual rates of urban starts fell 14.3% in Ontario and 16.5% in British Columbia, but rose 15.4% in Quebec and 16.1% in the Prairies.
