Canadian housing starts drop 15% in January

TORONTO, Feb 16 (Reuters) - Canadian housing starts fell more than expected in January, dropping 15% from the previous month, data from the national housing agency showed on Monday.

The seasonally adjusted annualized rate of housing starts declined to 238,049 units from a revised 280,668 units in December, the Canada Mortgage and Housing Corporation (CMHC) said. Economists had expected starts to fall to 257,500.