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Housing starts flat in August
The trend in housing starts was flat in August at 244,507 units, up only 0.8% from 242,552 units in July, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the monthly SAAR of total housing starts for all areas in Canada. The monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada decreased 1% in August (252,787 units) compared to July (255,232 units). The monthly SAAR of total urban (centres 10,000 population and over) housing starts also decreased 1%, with 233,075 units recorded in August. Multi-unit urban starts ... (full story)