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Housing starts are on the way down in Calgary.
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4 c4 M( j, \1 q" m$ w% l, iThe Canada Mortgage and Housing Corporation says there will be just over 14 thousand units built in the city this year. ' n9 E1 n O0 k- S7 c
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That includes both single and multifamily homes but that’s down 16 per cent from last year. & _( `& Z% y& e9 ]3 U0 [/ L
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Hardest hit is the single-family home market, which is down 27 per cent from 2006. + X$ N5 M7 Y! A/ _" I4 M
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In 2006 over 10 thousand 5 hundred detached homes were built. 4 _1 `5 w! h1 k. Y- z" ]
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That was a record year for the city. 0 p+ g$ P# j$ O0 h4 I3 X
- A7 T7 @( [# x8 w$ A5 {The Conference Board of Canada says Alberta's worker shortage is putting upward pressure on wages right across the country.
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But 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.
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4 C' V% B4 X; f; Ihttp://calgary.ctv.ca/servlet/RTGAMArticleHTMLTemplate/B,C/20071030/housing?brand=generic&hub=&tf=CFCNPlus/generic/hubs/frontpage.html&cf=CFCNPlus/generic/hubs/frontpage.cfg&slug=housing&date=20071030&archive=CFCNPlus&ad_page_name=&nav=home&subnav=fullstory&site_cfcn=http://calgary.ctv.ca |
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