Sep 16, 2011, Calgary region housing starts set to rise: Conference Board of Canada

The Calgary region’s home building industry is forecast to see a rise in activity.

The Conference Board of Canada said Friday that short and long-term expectations for housing starts in the Calgary census metropolitan area were both positive.

A year ago, the board said the seasonally-adjusted annual rate of housing starts for the Calgary CMA was 9,541 units.

Now in August, the board has upped that number to 13,752 starts.

Short-term expectations are based on residential permits data.

Long-term expectations are based on demographic requirements.

By Mario Toneguzzi, Calgary Herald