OTTAWA (Reuters) – Canadian housing starts fell 19.8% in April compared with the previous month on a sharp decline in multiple urban starts, data from the Canadian Mortgage and Housing Corporation showed on Monday.
The seasonally adjusted annualized rate of housing starts fell to 268,631 units from a revised 334,759 units in March, Canada’s national housing agency said. Analysts had expected 280,000 unit starts in April.
(Reporting by Julie Gordon in Ottawa; Editing by Gareth Jones)
