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2/8/2010

If you're a home builder in Edmonton, it appears 2010 is off to a good start.

That's because housing starts in January were up 40% from a year ago.

Canada Mortgage and Housing Corporation says builders started more single-detached homes. Even though there are not as many apartments getting built, analysts expect that to get better throughout the year. And they think single-detached production will stay strong as the economy recovers.

January is the eighth month in a row that builders in Edmonton started more homes than the year before. (bd,blb)

On The Net:

Canada Mortgage and Housing Corporation

Edmonton Home Builders' Association

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