Canadian Housing Starts Jump 8.3% in June
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June's Canadian Housing Starts Increased
June's Canadian Housing Starts Increased
The Canadian Mortgage and Housing Corporation (CMHC) is reporting that the seasonally adjusted annualized rate of housing starts in Canada rose by 8.3% to 211,681, from a revised 195,453 units in May. This total far exceeded expert economists’ predictions of 198,000. It also provided another sign of economic recovery in Canada from the COVID-19 pandemic.
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