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Housing Starts Remain High in June Despite Decrease

OTTAWA, Ontario, July 09, 2008 ? The seasonally adjusted annual rate1 of housing starts was 217,800 units in June, down from 227,700 units in May, according to Canada Mortgage and Housing Corporation (CMHC). ?Despite the decrease in June, total housing starts remain at high levels.? said Bob Dugan, Chief Economist at CMHC?s Market Analysis Centre. ?This is mostly ?

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Source: CanEquity Mortgage News

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