Toronto Housing Starts Stabilize in June


TORONTO, ONTARIO--(Marketwire) - The number of housing starts for the Toronto Census Metropolitan Area was trending at 48,000 units in June, according to preliminary housing starts data released today by the Canada Mortgage and Housing Corporation (CMHC). The trend is a moving average of the monthly seasonally adjusted annual rates (SAAR)(1) total starts data. The standalone monthly SAAR was 42,000 units, up marginally from 41,400 units in May.
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