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Housing starts off in October with drops in all regions: CMHC
OTTAWA – Canada Mortgage and Housing Corp., says the pace of housing starts slowed in October.
The agency says there were 17,507 actual starts last month.
That translates into a seasonally adjusted annual rate of 204,107 starts, down from an annual rate of 223,995 recorded in September.
The agency says there were drops in both single- and multiple-unit starts in urban areas last month.
Declines were recorded in all regions, with Quebec reporting the biggest drop at 16.9 per cent.
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