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Tag Archives: CMHC

CANADA: Housing starts decline in July, below CMHC estimates

The Canada Mortgage and Housing Corp. said Tuesday that the pace of new home construction slowed in July for the first time in three months, mostly as a result of fewer multi-unit projects started in urban areas – particularly Calgary. CMHC says the seasonally adjusted annual rate last month was 193,032 units nationally, down from 202,338 units in June. Regionally, ...

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