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Housing starts remain strong, stable

January 20, 2018

Canadian housing starts totaled a seasonally adjusted annual rate of 226,777 in December, according to Canada Mortgage and Housing Corporation (CMHC).
“The national trend in housing starts held steady at its highest level since 2008,” said Bob Dugan, CMHC’s chief economist. “Total urban housing starts in 2017 were up 6.2 per cent compared to 2016 due to the rise in apartment construction.”
Highlights from the 2017 year-end report:

 

 

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