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Canadian Housing Starts Highest Since September 2007

Canadian housing starts in March totaled 211,342 units, up nearly 1% from February. The six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of starts rose 0.8% above February to 253,720. The SAAR of urban starts increased 20.2% from February to 235,674, with multiple levels up 30.2% to 160,989 and single-family totals rising 3.1% to 74,685. See CMHC

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