Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Canadian housing starts remained weak during the month of June, a signal indeed, that the country’s real estate sector is facing the shocks of a slowdown, after years of booming construction and surging sales that had fueled fears of a bubble.
The pace of housing starts fell to 198,395 units in July from a revised 218,326 seasonally-adjusted annual rate in June, data released by Canada Mortgage and Housing Corp showed Tuesday, bringing construction starts closer to the pace of population growth.
Further, the national housing agency warned of overbuilding in some regions and economists had expected starts to fall to a 195,000-unit pace in July. A sharp contraction in multiple-unit starts last month led July's decline, with urban multiple starts down 13.3 percent compared to a milder 1.8 percent dip in starts of single-family homes.
Multiple starts had surged more than 25 percent in June. While the data is extremely volatile from month to month, building permits have been declining and analysts believe it is only a matter of time before construction slows as well.
Meanwhile, economists have forecasted a reading of 191,000 units according to the median of 14 responses collected in a Bloomberg survey.
