OTTAWA – Canadian housing starts rose 23% in January compared with the previous month as groundbreaking increased on both multiple unit and single-family detached homes, data from the national housing agency showed on Monday.
The seasonally adjusted annualized rate of housing starts rose to 282,428 units from revised 229,350 units in December, the Canadian Mortgage and Housing Corporation (CMHC) said.
(Reporting by Dale Smith, editing by Steve Scherer)
