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Housing starts up 3% in January, but trade risks add 'significant uncertainty': CMHC

  • The annual pace of housing starts in January rose three percent, reaching 239,739 units, compared to December's 232,492 units, according to the Canada Mortgage and Housing Corporation .
  • CMHC noted an eight percent increase in multi-unit urban starts, mainly due to new rentals in Quebec and B.C.
  • CMHC's deputy chief economist, Tania Bourassa-Ochoa, stated that foreign trade risks add significant uncertainty for housing construction going forward.
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The Hamilton Spectator broke the news in Hamilton, Canada on Monday, February 17, 2025.
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