Home starts forecast to top 12,000 mark

New home starts in the Calgary Census Metropolitan Area should reach 12,400 units by year end, declining slightly to 11,900 units in 2013, says Canada Mortgage and Housing Corp. (CMHC).

The projection for this year is up from the 9,292 starts recorded in 2011 and would be the first time annual starts crest the 12,000-unit plateau since 2007.

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