February 8, 2018 / 1:33 PM / 4 months ago

Canada housing starts dip slightly in January: CMHC

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.

FILE PHOTO - Realtors' signs are hung outside a newly sold property in a Vancouver neighbourhood where houses regularly sell for C$3-C$4 million ($2.7-3.6 million) September 9, 2014. REUTERS/Julie Gordon

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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