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Canadian housing starts slowed in October as condo construction pulled back after a surge in September, data from the national housing agency showed.

The seasonally adjusted annualized rate of housing starts fell to 192,928 units in October, roughly in line with expectations, from a revised 219,363 rate in September. Multiple urban starts – typically condos and apartments – fell 15.3 percent to 115,402 units, while single-detached urban starts notched a milder 5.4 percent decline to 60,729 units.

 
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