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Canadian Housing Starts Rise in August

Canadian housing starts in August totaled 219,447 units, up nearly 1% from June. The six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of starts rose 0.5% from July to 223,232. The SAAR of urban starts for August increased 0.8% from the previous month to 207,524, with multiple levels up 2.7% to 145,618 and single-family totals down 3.2% to 61,906. See CMHC

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