The economy continues to drag down the pace of housing starts in Calgary and across the country.
The Canada Mortgage and Housing Corporation (CMHC) says the seasonally-adjusted annual rate fell more than 26,000 units in October in Canada, compared with September.
In Calgary, actual housing starts totaled 627 units, a 42 per cent decline from the same month last year.
Analysts said the pace of multiple-unit construction declined, offsetting any gains in single-detached starts.
The CMHC said demand for new homes has waned, especially in the condo market, thanks to full-time job losses, slower income and population growth and higher supply levels.