According to the latest numbers from the Canada Housing and Mortgage Corporation, housing starts are down 17% from July 2014.
The corporation's preliminary housing stats report says ground broke on 97 homes last month compared to 117 last July. However, the year-to-date figures suggest housing starts so far this year is still up 5% compared to this time last year.
Across Ontario, housing starts in July were down 23% from July 2015, and nationally there was a 3% drop.
