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Housing Starts Will Move Lower in 2007

OTTAWA, Ontario, November 2, 2006 — Housing starts will register another strong year in 2006, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook, Canada Edition report. Starts will reach 227,900 units in 2006, before decreasing to 210,900 units next year. Although residential construction will ease, 2007 will mark the sixth consecutive year ...

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Source: CanEquity Mortgage News

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