Posted AT 8:55 AM EDT on 09/07/08
Housing starts slow in June
OTTAWA — Housing starts in June slowed to an annualized 217,800 – a drop from May but largely in line with economists' expectations.
The dip was a 4.3 per cent decline in residential building activity from a month earlier, reversing the four per cent rise in May.
Construction activity in both single homes and condos fell, with declines seen in all regions of Canada except Ontario.
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