Canadian housing starts slow modestly in January -CMHC

TORONTO Mon Feb 10, 2014 8:26am EST

TORONTO Feb 10 (Reuters) - Canadian housing starts decreased more than expected in January, data released on Monday showed, which could underscore expectations the country's housing market is stabilizing after a recent boom.

A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts slowed to 180,248 units last month from a downwardly revised 187,144 in December, shy of economists' forecast for 184,000.

December's housing starts were originally reported as 189,672 units.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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