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Housing starts are on the way down in Calgary.
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, c5 j6 w2 r" T6 J& |" n' [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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( A8 I& J7 T% [ |# jThat includes both single and multifamily homes but that’s down 16 per cent from last year.
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Hardest hit is the single-family home market, which is down 27 per cent from 2006. + e8 J, E; T0 o7 m4 S+ [
; `' K5 q. C: cIn 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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2 G/ m; Z" ^+ K( F/ |The Conference Board of Canada says Alberta's worker shortage is putting upward pressure on wages right across the country. , G2 E% q' W( L$ ^
, u& r# p' f8 oBut 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. 2 \! D+ ]+ ?1 f
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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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* I- }8 n2 B: l! R5 V3 R/ F1 dhttp://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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