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Canadian housing starts jump, ease recession fears

Posted on 12 October 2011

Canadian housing starts jumped a higher-than-expected 7.3 percent in September, helped by a surge in the condominium sector, suggesting Canada’s property boom stayed intact last month and should help the economy avert recession.
Canada Mortgage and Housing Corp said on Tuesday that starts rose to a seasonally adjusted annualized rate of 205,900 units last month. August starts were revised up to 191,900 from 184,700……………………………………….Full Article: Source


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