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Canadian Housing Starts Down in October

Canadian housing starts in October were 206,171 units, down 7.9% from September. The standalone monthly seasonally adjusted annual rate (SAAR) was 205,925 rising from 189,730 in September. Urban starts fell 8.6% in October to 191,964, including multi-family home levels jumping 16.8% to 145,442 and single-family totals falling 10.7% to 46,522 from September. See CMHC

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