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Canadian Housing Starts Down in April

Canadian housing starts in April totaled 225,696 units, down 0.5% from March. The standalone monthly seasonally adjusted annual rate (SAAR) of urban starts fell 4.7% from the previous month to 198,090. Multiple urban starts dropped 2.7% from March to 141,032 and single-family totals fell 9.3% to 57,058.  See CMHC

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