Calgary leading the country for housing starts: What does that mean for condo owners?

Calgary leading the country for housing starts: What does that mean for condo owners?

The Canada Mortgage and Housing Corporation (CMHC) has recently reported that the six-month trend in housing starts rose by 1.1% in February, reaching 239,382 units. The trend represents a six-month average of the seasonally adjusted annual rate (SAAR) of total housing starts across Canada.  A “housing start” is technically defined as the beginning of construction…