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Housing Starts Will Slow in 2007

OTTAWA, Ontario, August 14, 2006 —Housing starts will register another strong year in 2006, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition report. Starts will reach 227,900 units in 2006, before decreasing to 209,100 units next year. Although residential construction will ease, 2007 will mark the sixth consecutive year in ...

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Source: CanEquity Mortgage News

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