Prospects for housing starts positive for Calgary region

CALGARY — Expectations for housing starts in the Calgary region are positive in the short term and the long term, says the Conference Board of Canada.

In a report released Friday, the board said the seasonally-adjusted annual rate of starts in the Calgary census metropolitan area in June was 15,058.

That’s up from 9,170 a year ago.

Calgary had one of the biggest year-over-year increases in the country.

The board said that 23 of 28 CMAs surveyed have positive short-term expectations, up from 22 the previous month.

Short-term expectations are based on residential permits data.

Long-term expectations are based on demographic requirements.

 

mtoneguzzi@calgaryherald.com



Read more: http://www.calgaryherald.com/business/Prospects+housing+starts+positive+Calgary+region/6964520/story.html#ixzz21HuZe5H0

Comments:
No comments

Post Your Comment:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.