Calgary and area Real Estate

Calgary’s homebuilding industry is facing a positive future, according to a report by the Conference Board of Canada.

Photograph by: Colleen De Neve , Calgary Herald

CALGARY — Expectations for the homebuilding industry in the Calgary region are positive, according to the Conference Board of Canada.

In its Metropolitan Housing Starts report released Friday, the board said short and long term expectations for housing starts are positive in the Calgary census metropolitan area.

The seasonally-adjusted annual rate of starts for the region was 9,417, up from 6,734 a year ago.

Short-term expectations are based on residential permits while long-term expectations are based on demographic requirements.

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