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September Canadian Housing Starts Trend Downward

Canadian housing starts in September totaled 207,768 units, down 2.9% from August. The standalone monthly seasonally adjusted annual rate (SAAR) of urban starts fell 5.9% from August to 175,653. Multiple urban starts decreased 8.9% to 122,656 and single-family levels increased 2.0% from August to 52,997.  See CMHC

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