Thursday, October 13, 2011
Canada Housing Starts Rise 7.3% on Multiple-Unit Projects
Canada Mortgage & Housing Corp. said new housing starts rose in September on a jump in multiple-unit projects.
Starts rose 7.3 percent to 205,900 units at a seasonally adjusted annual pace, the Ottawa-based agency said. The August figure was also revised to 191,900 from 184,700. Economists forecast a September reading of 190,000, according to the median of 19 responses to a Bloomberg News survey.
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