Posted AT 10:17 AM EST on 11/09/07
Condo construction boosts housing starts
Housing starts rose 5.1 per cent in August after two months of declines, spurred by a rebound in condo construction in the Atlantic region, British Columbia and the Prairies, though residential activity is seen cooling.
Housing starts rose to 226,500 units in August from 215,600 in July, Canada Mortgage and Housing Corporation said Tuesday. Economists had expected starts of 220,000 for the month.
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