A report by consulting firm Will Dunning says that the construction industry is a major driving force behind the Calgary economy, with over 12,500 new home starts last year generating over $6 billion in investment income.
However, the outgoing president of the Canadian Home Builders’ Association - Calgary Region says that land restrictions are threatening to damage this economic powerhouse.
Doug Whitney says that his company has already had to lay off workers this year as there isn’t the land available to build on. He says that if they can’t build homes, it will have a knock on effect to the whole economy.
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