Canada’s June housing starts fall 3% from May

Canadian housing starts in June fell 3% from the previous month on a decline in both multi-unit urban and single-detached starts, data from the national housing agency showed on Monday.

The seasonally adjusted annualized rate of housing starts was 273,841 units in June, beating analyst predictions of 265,000 but coming in below a revised 282,188 units in May, Canadian Mortgage and Housing Corporation data showed.