Reuters Canada Business Summary (The Globe and Mail)

Story date: 2008-08-11 11:06:16
Added on: 2008-08-11 11:31:41

TORONTO (Reuters) - The Canadian housing market cooled further in the summer, with reports on Monday showing fewer than expected housing starts in July and the smallest year-over-year new-home price increases in six years in June. Canadian housing starts fell 14.8 percent in July to a seasonally adjusted annualized 186,500 units from 215,900 units in June, Canada Mortgage and Housing Corp. said.


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