SINGLE-DETACHED STARTS INCREASED IN JANUARY

Single-detached starts in Calgary for January increased 31 per cent compared to January 2012 said the Canada Mortgage and Housing Corporation (CMHC) in its Housing Now report.

“New single-detached construction in Calgary remains robust as new inventories and active listings in the competing resale market have declined and rental vacancies remain relatively low,” stated the report.

Read more: http://tinyurl.com/apvfj3x