February 8, 2018 / 1:33 PM / 9 months ago

Canada housing starts dip slightly in January: CMHC

FILE PHOTO - Realtors' signs are hung outside a newly sold property in a Vancouver neighbourhood where houses regularly sell for C$3-C$4 million ($2.7-3.6 million) September 9, 2014. REUTERS/Julie Gordon

OTTAWA (Reuters) - Canadian housing starts declined less than expected in January as new groundbreaking increased on single-detached homes in urban areas, data from the Canada Mortgage and Housing Corporation showed on Thursday.

The seasonally adjusted annual rate of starts fell slightly to 216,210 in January from December’s downwardly revised 216,275. Economists had forecast a decline to 210,000 homes.

Reporting by Leah SchnurrEditing by Chizu Nomiyama

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