OTTAWA (Reuters) - Canadian housing starts declined less than expected in January as new groundbreaking increased on single-detached homes in urban areas, data from the Canada Mortgage and Housing Corporation showed on Thursday.
The seasonally adjusted annual rate of starts fell slightly to 216,210 in January from December’s downwardly revised 216,275. Economists had forecast a decline to 210,000 homes.
Reporting by Leah SchnurrEditing by Chizu Nomiyama
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