Canadian Housing Starts Jump 8.3% in June

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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