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Housing Starts Down in July

OTTAWA, Ontario, August 11, 2008 — The seasonally adjusted annual rate1 of housing starts was 186,500 units in July, down from 215,900 units in June, according to Canada Mortgage and Housing Corporation (CMHC). “After a strong first half of the year, the volatile multiple segment is now readjusting itself.” said Brent Weimer, Senior Economist at CMHC’s Market Analysis …

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Source: CanEquity Mortgage News

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