Canada’s housing agency, the Canada Mortgage and Housing Corp. (CMHC), reports that the annual pace of housing starts decreases in May compared with April. According to CMHC, the annualized number of housing starts falls by six per cent month over month. The figures reflect the pace at which new housing is expected to be started, expressed on an annual basis. The report compares May results to those from April, indicating a slowdown in the production of new housing starts during that period. The reporting does not specify whether the change is driven by particular housing types or regions. Overall, the latest CMHC update shows a modest decline in the month-to-month pace of housing starts, following April’s level. The information is presented as part of CMHC’s regular monitoring of Canada’s housing construction activity.