Canadian housing starts jump 30% in April, CMHC says
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FILE PHOTO: A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo
TORONTO (Reuters) -Canadian housing starts rose 30% in April compared with the previous month, a far bigger increase than was expected, data from the national housing agency showed on Thursday.
The seasonally-adjusted annualized rate of housing starts climbed to 278,606 units from a revised 214,205 units in March, the Canadian Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to rise to 227,500.
(Reporting by Fergal SmithEditing by Tomasz Janowski)
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