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Canada housing starts, permits rise again

Market stays hot, reports show, defying expectations of a slowdown

"Prices are telling builders to build, and that's exactly what they're doing," CIBC Capital Markets economist Nick Exarhos wrote.


CANADIAN housing starts inched higher in February from the previous month, and building permits rose in January as the long housing boom continued to defy expectations of a slowdown, separate reports showed on Wednesday.

Groundbreaking on new homes climbed to a seasonally...

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