Canadian housing starts climb in October

Fri Nov 8, 2013 8:26am EST
 
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TORONTO Nov 8 (Reuters) - Canadian housing starts rose more than expected in October and September starts were revised higher, according to data released on Friday that will add to fears the property sector could be overheating.

Data from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts was 198,282 units last month, up from an upwardly revised 195,929 in September and surpassing analysts' expectations for 190,800.