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Housing starts are on the way down in Calgary. r) @/ i6 g F- E$ ~
0 W* v" j3 K. `8 G3 NThe Canada Mortgage and Housing Corporation says there will be just over 14 thousand units built in the city this year. : a1 e/ U& _. ^$ }
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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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# ^. m, k# \0 |% A6 U3 o5 OHardest hit is the single-family home market, which is down 27 per cent from 2006. , g) W( h; v J+ V, `
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In 2006 over 10 thousand 5 hundred detached homes were built.
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* Q7 R/ I/ F) a; P x* r4 f3 UThat was a record year for the city.
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" V5 X0 f; g5 Y$ G2 NThe Conference Board of Canada says Alberta's worker shortage is putting upward pressure on wages right across the country. , i9 \& r' d! W7 V- O" a4 v1 V
2 M1 @6 h, Z, n) g% WBut 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. " ]0 y/ {7 H4 I1 r
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It is due in part to the growing difference in provincial housing prices and improved economic conditions in other provinces. 0 |4 D1 I; R/ J+ M0 y/ j
7 B2 @" T1 \6 _, }- t7 Zhttp://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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