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Canadian Housing Starts Fall in July

Canadian housing starts in July totaled 219,988 units, down 0.8% from June. The standalone monthly seasonally adjusted annual rate (SAAR) of urban starts decreased 16.2% from June to 190,093. In July, multiple urban starts fell 20.3% to 136,231 and single-family levels dropped 3.6% to 53,862 from the previous month. See CMHC

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