Canada

Canada Mortgage and Housing Corp., says the pace of housing starts slowed in October.

The agency says there were 17,507 actual starts last month.

That translates into a seasonally adjusted annual rate of 204,107 starts, down from an annual rate of 223,995 recorded in September.

The agency says there were drops in both single- and multiple-unit starts in urban areas last month.

Declines were recorded in all regions, with Quebec reporting the biggest drop at 16.9 per cent.