Canada housing starts rise 8% in February

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Real estate sings in Toronto

OTTAWA – Canadian housing starts rose 8% in February compared with the previous month on gains in both multiple urban starts and single detached urban starts, data from the national housing agency showed on Tuesday.

The seasonally adjusted annualized rate of housing starts rose to 247,256 units in February, beating analyst expectations of 238,000 and up from a revised 229,185 units in January, Canadian Mortgage and Housing Corporation data showed.

(Reporting by Julie Gordon in Ottawa; Editing by Andrew Heavens)