Calgary is booming with the ever-growing population driving increased construction in the city.
Housing starts for the first six months of this year were 67 per cent higher than the same period last year according to a new report by Ben Myers, senior vice-president of market research and analytics with Fortress Real Developments.
The year-end total is likely to be in the region of 16,400 units; the ten-year average is 12,000. Myers’ report describes the Calgary market as “red hot”.
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