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Housing starts are on the way down in Calgary. ; k; W# c ~6 H: V/ c5 ~9 N' F
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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. % P# W, o5 Q+ ^2 _0 V
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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. + [" B' t, [3 B
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In 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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( t" X; N' D. F# W* i, X/ MThe 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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9 s1 |2 r+ g5 oIt is due in part to the growing difference in provincial housing prices and improved economic conditions in other provinces.
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4 G, @; E% ^0 C; lhttp://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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