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Canadian Housing Starts Trended Higher in November
The trend in housing starts was 231,491 units in November 2020, up from 222,989 units in October 2020, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “The national trend in housing starts in November increased,” said Bob Dugan, CMHC's chief economist. “Multi-family SAAR starts partly rebounded in November from two consecutive declines, offsetting a decline in single-detached SAAR starts and driving the overall trend higher. Multi-family starts were particularly strong in ... (full story)