February 8, 2017 / 1:26 PM / in 9 months

Canadian housing starts edge up in January -CMHC

OTTAWA, Feb 8 (Reuters) - Canadian housing starts edged higher in January compared with the previous month, suggesting ground breaking on new homes was off to a strong start in 2017, data from the national housing agency showed on Wednesday.

The seasonally adjusted annualized rate of housing starts rose to 207,408 units from a downwardly revised 206,305 in December, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to decline to 200,000. (Reporting by Leah Schnurr)

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