The level of average monthly housing starts (seasonally adjusted at annual rates)  in Canada through October of this year has fallen by 5% versus the same period in 2007.  As such, this drop remains quite low, but evidence is growing that more erosion is setting in. Home-buying sentiment in Canada has suffered some setbacks of late. Furthermore, the majority of provinces and Census Metro Areas (CMAs)  are in decline and there are some wide regional swings.