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Housing starts are on the way down in Calgary. - \, c" G! d; ?# T" G" g1 y
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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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8 x8 M D' B+ q. qThat includes both single and multifamily homes but that’s down 16 per cent from last year. 3 ?# }& C, [( s6 a7 N/ T
3 z' Z% `5 T4 Q: _Hardest hit is the single-family home market, which is down 27 per cent from 2006.
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: ?1 G5 V# ]% A5 `* g [+ w& GIn 2006 over 10 thousand 5 hundred detached homes were built. + b1 S8 V% a: r$ w) [
* ]; h) y4 w) ]2 k$ n) FThat was a record year for the city. 2 w+ d G( q e6 r+ c- r
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The Conference Board of Canada says Alberta's worker shortage is putting upward pressure on wages right across the country.
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# D4 _7 u' _6 C7 b+ W! U' aBut 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. ) g( e7 H/ v; C9 C$ N( F
~, h, i) \, N+ KIt is due in part to the growing difference in provincial housing prices and improved economic conditions in other provinces.
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- _, o& l3 ^) Y, a8 f- Hhttp://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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