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Canadian housing starts decline 13.5% on month in February: CMHC - Metro US

Canadian housing starts decline 13.5% on month in February: CMHC

FILE PHOTO: A row of houses stand in a subdivision in East Gwillimbury, Ontario

OTTAWA (Reuters) – Canadian housing starts fell 13.5% in February compared with the previous month on decreases of both multiple and single-detached urban starts, data from the Canadian Mortgage and Housing Corporation showed on Monday.

The seasonally adjusted annualized rate of housing starts fell to 245,922 units from a revised 284,372 units in January, Canada’s national housing agency said. Analysts had expected starts to fall to 245,000 units in February.

(Reporting by Julie Gordon in Ottawa; Editing by Catherine Evans)

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