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Construction site at the northwest corner of Rees St. and Lakeshore Blvd on June 18 2013. The former roundhouse for trains is nearby as is the Steam Whistle Brewery.
Construction site at the northwest corner of Rees St. and Lakeshore Blvd on June 18 2013. The former roundhouse for trains is nearby as is the Steam Whistle Brewery.
(Fred Lum/The Globe and Mail)

DAVID PARKINSON

Don’t count on housing starts to build Canadian, U.S. economies

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If you’re looking for a North American economic renaissance built on housing, you may want to put your hammer down. The foundation isn’t nearly in place yet, a couple of Canadian economists argued in separate research reports this week.