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Canadian Housing Starts Up in April

Canadian housing starts in April totaled 213,768 units, up nearly 1.5% from March. The six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of starts fell 15.1% from March to 214,098. The SAAR of urban starts for April decreased 15.3% from March totals to 235,674, with multiple levels down 16.7% to 134,314 and single-family totals falling 12.1% to 765,171. See CMHC

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