The housing index, which is a composite index of housing starts and house sales, rose 1.3% between December and January, whereas the S&P/TSX stock price index went up 2.6%.
It was the third straight gain in the housing index, although Statistics Canada reported â€œstrength in existing home sales outweighed a dip in housing starts.â€
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Still, the results are short of the 0.4% rise many economists had forecasted.