Condos fueling jump in Canadian housing starts

According to STATSCAN, building permits worth$5.8 -billion were issued in January, which is up 1.7% from December.  The value of permits were also up 17.6% after a 6 month decline.

Cumulatively, municipalities approved building permits for 16,002 new dwellings in January.  Down 15.6 percent from December.

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