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The Canada Mortgage and Housing Corp (CMHC) released housing starts data today. Housing starts in Canada increased to a seasonally adjusted annualized rate of 197,343 units in September from 196,283 units in August. August's figure was revised up from 192,368 units.
The increase was driven by multiple unit homes including condominiums. Multiple unit homes including condominiums climbed 2.4% in September.
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