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Canadian Housing Starts Rise in July

Canadian housing starts in July totaled 217,550 units, up 1.1% from June. The six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of starts rose 4.4% from June to 222,324. The SAAR of urban starts for July increased 5.5% to 206,122, with multiple levels up 10.4% to 141,950 and single-family totals fell 3.9% to 64,172 from the previous month. See CMHC

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