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Canadian housing starts fell 1% in April, CMHC says

Homes for sale in Hamilton Ontario

OTTAWA (Reuters) - Canadian housing starts decreased by 1% in April from the previous month, Canadian Mortgage and Housing Corporation (CMHC) data showed on Wednesday.

The seasonally adjusted annualized rate of housing starts rose to 240,229 units from a marginally revised 242,267 units in March, the CMHC said. Economists in a Reuters poll had expected starts to decrease to 238,000 in April.

(Reporting by Ismail Shakil in Ottawa; Editing by Promit Mukherjee)