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Housing Starts Move Lower in July

OTTAWA, Ontario, August 09, 2007 — The seasonally adjusted annual rate of housing starts was 215,600 units in July, down from 225,300 units in June, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts in July continued their gradual decreasing trend as both multiple and single-detached starts declined,” said Bob Dugan, Chief Economist at CMHC’s …

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Source: CanEquity Mortgage News

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