Nov 23

Housing starts set to increase in Calgary

Ran accross this article this morning http://tiny.cc/0bfm2 which supports the opinion of many I talk to about growth in Calgary. Other major centers in Canada such as Toronto and Vancouver have already seen growth with Alberta lagging behind. However it is looking like that is set to change at the expense of Ontario and BC.

There seems to be a general lack of man power in Alberta again, and that will drive migration to this province which will cause the increase in new home starts, which will in turn drive the resale home market.

The interesting thing about this is that there is no real threat of interest rate increases in the short term which makes it a perfect time right now for anyone looking at the real estate market to take a much more serious look.

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