Canada: Homebuilding Pulls Back But Remains firm in December

<p>Housing starts dropped 12.6% m/m in December to a still-strong 228.3k units. This level was achieved without CMHC conducting their survey in the Kelowna CMA due to COVID-19. Excluding the Kelowna CMA from the growth calculation, starts decreased by a similar 12.2%, and CMHC indicated that the temporary omission of the CMA did not alter […]</p>
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