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Canada Housing January 2022

Canada: Housing starts moderate in January, but remain healthy nonetheless

Housing starts eased to 230,754 units on a seasonally-adjusted annualized rate (SAAR) basis in January according to the Canada Mortgage and Housing Corporation (CMHC), from December’s 238,405-unit reading. January’s reading was driven by a fall in multi-urban starts, while single-detached urban starts increased.

Meanwhile, the six-month average of housing starts in urban areas dipped to 254,133 units in January from 261,352 units in December.

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