New home construction down 22% in August, says CMHC

New home construction down 22% in August, says CMHC

Canada Mortgage and Housing Corp. says the annual pace of new home construction, known as housing starts, slowed 22 per cent in August 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. The drop came as the … Read more