By The Canadian Press, June 8, 2017 

OTTAWA — The annual pace of Canadian housing starts slipped lower in May as builders in Ontario broke ground on fewer new homes following changes in the province’s housing rules.

The Canada Mortgage and Housing Corp. said Thursday the seasonally adjusted annual rate of housing starts fell to 194,663 units in May, compared with 213,498 in April.

Economists had expected the rate to come in at 205,000, according to Thomson Reuters.

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