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Housing starts are on the way down in Calgary. 8 [& m! s. n8 Y$ m; o1 w$ L. ~
# G3 n! A! s! j$ h' G% \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.
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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. & x7 F; g5 O5 k1 b2 O
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That was a record year for the city. & S/ D& N/ F0 K$ \/ c2 J
, J( g) x; Z1 ]1 ~4 w# q0 FThe 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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, S5 t# \5 C6 Ghttp://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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