Canadian housing starts fell more than expected in March, according to data released on Tuesday that was likely to underscore expectations the country’s housing market is stabilizing.
A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts fell to 156,823 units last month from a downwardly revised 190,639 in February, below economists’ forecast for 191,000 in March.
February’s housing starts were originally reported as 192,094 units.
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