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Canadian Housing Starts Increase in February

Canadian housing starts in February totaled 225,276 units, up 0.3% from January. The standalone monthly seasonally adjusted annual rate (SAAR) of urban starts rose 7.1% from the previous month to 211,211.  Multiple urban starts increased 15% from January to 154,535 and single-family totals decreased 9.8% to 56,676 over the same period.  See CMHC

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