Canadian housing starts fell 15 percent in January as construction activity slowed more than expected
Construction activity in Canada dropped 15 percent last month to an annualized rate of 238,049 units. The decline was sharper than economists had anticipated.
Canadian housing starts fell 15% in January to a seasonally adjusted annualized rate (SAAR) of 238,049 units, according to data released today by the Canada Mortgage and Housing Corporation (CMHC). The decline in Canada 
CA was more substantial than the consensus forecast of 257,500 units, indicating a sharper-than-anticipated monthly slowdown in housing starts in the CMHC data.
CA was more substantial than the consensus forecast of 257,500 units, indicating a sharper-than-anticipated monthly slowdown in housing starts in the CMHC data.
