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Housing starts are on the way down in Calgary. 2 z# `' I* F; ?
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The Canada Mortgage and Housing Corporation says there will be just over 14 thousand units built in the city this year.
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That includes both single and multifamily homes but that’s down 16 per cent from last year. 9 b! a' \! f5 v1 }4 ?2 ?
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Hardest hit is the single-family home market, which is down 27 per cent from 2006.
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In 2006 over 10 thousand 5 hundred detached homes were built.
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That was a record year for the city.
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; ~6 I& O: ^- v0 l5 [$ wThe Conference Board of Canada says Alberta's worker shortage is putting upward pressure on wages right across the country. 4 {8 _( c+ X" p3 A
5 x, \5 e4 @! i( E: L% iBut officials say because of Alberta’s low unemployment, and abundance of job opportunities, the province is expected to face a drop in net migrants between now and the end of 2008.
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It is due in part to the growing difference in provincial housing prices and improved economic conditions in other provinces. 3 |, h" F* d0 T* y6 ?
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