Housing starts expectations positive for Calgary region

By Mario Toneguzzi, Calgary Herald

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

The board reported Friday that the Calgary census metropolitan area can expect a positiveclimate for the homebuilding industry in both the short and long term.  The board said the seasonally-adjusted annual rate for housing starts in the Calgary CMA in September was 8,534 units, up slightly from 8,449 a year ago.  Short-termexpectations are based on residential permits data.  Long-termexpectations are based on demographic requirements.  The boardsaid seven CMAs in Canada have negative short- and long-term expectations — themost since February.  Only 10 of 27 CMAs have positive short-term expectations across the country.

Grant Mortgage Solutions Inc O/A Grant Mortgage Solutions


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