Canada housing starts up 8% in May from April - CMHC

FILE PHOTO: A construction worker works on a new house being built in Vaughan

OTTAWA (Reuters) - Canadian housing starts rose 8% in May compared with the previous month, beating analyst expectations, on a 13% jump in multi-unit urban starts, data from the national housing agency showed on Tuesday.

The seasonally adjusted annualized rate of housing starts was 287,257 units in May, above analyst predictions of 252,600 and a revised 265,700 units in April, Canadian Mortgage and Housing Corporation data showed.

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

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