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Canadian Housing Starts Rise in June

Canadian housing starts in June totaled 215,459 units, up 0.4% from May. The six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of starts rose 9% from May to 212,695. The SAAR of urban starts increased 9.6% from May to 194,955, with multiple levels up 9.4% to 127,944 and single-family totals rising 10.1% to 66,829. See CMHC

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