Annual pace of housing starts in Canada fell 13% in January, CMHC says

Canadian housing starts fell 13% in January, CMHC says

The annual rate of multi-unit urban starts dropped 20 per cent to 146,267 for the month, while the pace of starts for single-detached urban homes rose three per

cent to 45,224 units.The six-month moving average of the monthly seasonally adjusted annual rate was 259,412 in January, down four per cent from 269,781 in December.

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