OTTAWA (Reuters) – Canadian housing starts fell 13.5% in February compared with the previous month on decreases of both multiple and single-detached urban starts, data from the Canadian Mortgage and Housing Corporation showed on Monday.
The seasonally adjusted annualized rate of housing starts fell to 245,922 units from a revised 284,372 units in January, Canada’s national housing agency said. Analysts had expected starts to fall to 245,000 units in February.
(Reporting by Julie Gordon in Ottawa; Editing by Catherine Evans)
