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Housing Starts Remained Strong in October

OTTAWA, Ontario, November 10, 2008 — The seasonally adjusted annual rate1 of housing starts was 211,800 units in October, down from 218,600 units in September, according to Canada Mortgage and Housing Corporation (CMHC). “Housing starts remained strong in October and are consistent with our new home construction forecast for 2008,” said Bob Dugan, Chief Economist at …

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Source: CanEquity Mortgage News

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