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.