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

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