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Dec Housing Starts -12.2% to 228K Annualized vs Expected 235K

CANADA DATA
(MNI) OTTAWA
  • Starts -17% at seasonally adjusted annual rate in Ontario, -13% in BC
  • Six-month moving average was 239K, up slightly from November
  • December survey wasn't done in Kelowna, British Columbia, due to Covid restrictions, though Canada Mortgage and Housing Corp. says this didn't change the overall trend
  • Annual starts were +3% to 202K, including +27% in Toronto, -21% in Vancouver
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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