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Canadian Housing Starts Nearly Flat

Canadian housing starts in November were nearly even with October at 199,135 units. The standalone six-month moving average of the monthly seasonally adjusted annual rates (SAAR) was 183,989, down from 192,297 in October.  Urban starts fell 5% in November to 166,828. Multiple urban totals were down 7.7% to 105,915, while single-family starts were level at 60,913.  See CMHC

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