New Housing Construction Positive For Calgary Region In Short-Term

CALGARY — Short-term expectations for housing starts in the Calgary region are positive, according to the Conference Board of Canada.

The board said Monday that in the Calgary census metropolitan area in September the seasonally-adjusted annual rate of new home construction was 11,022 units. That was up from 8,846 a year ago.

However, the board said long-term expectations for the Calgary region were negative.

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

The board said only 10 of 28 CMA’s across the country have positive long-term expectations.

mtoneguzzi@calgaryherald.com

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