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Canadian Housing Starts Inch Upward in March

Canadian housing starts in March totaled 226,842 units, up 0.5% from February. The standalone monthly seasonally adjusted annual rate (SAAR) of urban starts fell 2.8% from the previous month to 208,237.  Multiple urban starts decreased 7.3% to 144,578 and single-family totals increased 9.5% to 63,659 from February.  See CMHC

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