Canadian housing starts fall in December

Fri Jan 9, 2015 8:26am EST
 
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TORONTO (Reuters) - Canadian housing starts fell more than expected in December and November figures were revised lower, suggesting the country's once buoyant property market is starting to cool.

A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts fell to 180,560 units in December from 193,199 in November. Analysts surveyed by Reuters had forecast 193,500 starts.

(Reporting by Jeffrey Hodgson; Editing by Chizu Nomiyama)

 
A builder works on the the roof of a new home under construction in the Montreal suburb of Brossard August 10, 2010. REUTERS/Shaun Best