Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell 6% compared with May.
The national housing agency says the seasonally adjusted rate of housing starts came in at 238,971 units in June compared with 253,083 in May.
The six-month moving average of the seasonally adjusted annual rate was 248,123 units for June, down 2.8% from May.
The results came as CMHC says the number of units under construction in centres with a population of 50,000 or more totalled 375,469 in June, up 0.2% from May, while completions rose 8.4% to 18,298.
The number of units with approved building permits but not yet started amounted to 137,324 in June, down 1.1% from May.
The seasonally adjusted annual rate of rural starts in June was estimated at 11,141 units.