UPDATE 1-Canada housing starts top forecast in latest sign of rebound

Tue Jul 9, 2013 10:08am EDT
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* June starts were 199,586 units annualized

* Topped forecast of 187,000

* May starts revised higher

* Latest sign of rebound from 2012 slowdown

By Jeffrey Hodgson

TORONTO, July 9 (Reuters) - Canadian housing starts were stronger than expected in June and May figures were revised higher, according to data released on Tuesday, the latest report to show the property market rebounding from last year's government-induced slowdown.

The seasonally adjusted annualized rate of housing starts was 199,586 units in June, according to data from the Canadian government's housing agency. Analysts polled by Reuters had expected 187,000 starts in June.

The Canada Mortgage and Housing Corp also revised May starts higher, to 204,616 from the 200,178 originally reported.

The stronger-than-expected numbers helped boost the Canadian dollar in early trading.   Continued...