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Canadian Housing Starts Rise

Canadian housing starts in February were 204,669 units, up 2.2% from January. The six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of starts rose 0.6% above January to 210,207. The SAAR of urban starts increased by 0.9% from January to 193,035, with multiple levels down by 4.7% to 121,164 and single-family totals up 12.1%, to 71,871. See CMHC

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