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Canadian Housing Starts Decrease in January

Canadian housing starts in January totaled 224,865 units, down 0.7% from December. The standalone monthly seasonally adjusted annual rate (SAAR) remained nearly even with the previous month at 216,210.  Multiple urban starts were relatively unchanged from December at 134,685, while single-family totals rose 0.6% to 63,715.  See CMHC

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