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Canadian Housing Starts Rise

Canadian housing starts in January were 199,834 units, up nearly 1.0% from December. The six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of starts for January was 207,408, up 0.5% from December. The SAAR of urban starts increased by 1% to 189,688, with multiple levels up 4.2% to 125,886 and single-family totals down 4.6%, to 63,802. See CMHC

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