Housing starts in Canada slow in June

The Canada Mortgage and Housing Corporation announced Tuesday that housing starts in the country were at an approximately 222,700 unit annual rate in June, up from 217,400 in May. The seasonally adjusted annual rate of urban starts increased by 2.6 percent to 199,500 units in June. Urban single starts decreased slightly by 0.3 percent in June to 67,500 units, while multiple urban starts increased by 4.1 percent to 132,000 units.