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| News | Housing Starts Move Higher in May
OTTAWA, June 9, 2008 — The seasonally adjusted annual rate1 of housing starts was 221,300 units in May, up from 213,900 units in April, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts in May moved up from the strong level posted in April. Most of the increase reflected a rise in single starts, which in April had reached their lowest level since May 2001,” said Bob Dugan, Chief Economist at CMHC’s Ma...
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