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October Housing Starts Trend Lower in Canada
The national trend in housing starts decreased in October. Multi-family starts in urban centres trended lower following 4 months of consecutive gains, offsetting a modest increase in the trend of urban single-detached starts in October. The trend in housing starts was 218,598 units in October 2019, compared to 223,276 units in September 2019, according to CMHC. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. The standalone monthly SAAR of housing starts for all areas in Canada was 201,973 units in October, down 8.7% from 221,135 units in ... (full story)