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Canadian Housing Starts Surge 16% in July, Highest in Over a Year
Aug 16, 2024, 01:40 PM
Canadian housing starts increased by 16% in July, according to the Canada Mortgage and Housing Corporation (CMHC). This rise marks the highest level of housing starts in more than a year. The increase is seen as a positive step towards addressing the housing shortage in Canada, with plans to build 4 million more homes. The surge in housing starts is expected to help make homeownership more attainable for younger generations.
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