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Housing starts are on the way down in Calgary. $ Y; G4 G3 K4 \! G# H9 x
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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. $ U4 j/ J; C: Y( [; j
`; W+ P2 Z$ ~4 Z, IHardest hit is the single-family home market, which is down 27 per cent from 2006. ' \/ B* m9 t* W. P, m
/ a: S7 z+ j, AIn 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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The 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. " J, ]2 D7 t) E* M
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