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Housing starts are on the way down in Calgary. ) W e1 I, h9 ^ H
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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. 7 k8 L0 a! Y5 L& s- z' j/ M( ?1 @& R8 V& o
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Hardest hit is the single-family home market, which is down 27 per cent from 2006.
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8 p" h& B8 g3 }In 2006 over 10 thousand 5 hundred detached homes were built.
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" O( E, h% j: w: h( ]That was a record year for the city. f1 |: h5 A8 m. d4 }
$ x: {* ]/ y. w; d3 d0 D/ lThe Conference Board of Canada says Alberta's worker shortage is putting upward pressure on wages right across the country.
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" C3 g& D7 t( n. T) }8 u$ cBut 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. 5 F9 O1 a2 t& {* K8 J0 X
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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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f4 b: e. S. O% ]) p shttp://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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