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Calgary Housing Starts Booms

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Housing starts in the Calgary are on the upswing, said by the Conference Board of Canada.

A report released Wednesday suggests short-term expectations for the industry in the Calgary region are positive. But the board also stated long-term expectations are negative.

Short-term expectations are set on residential permits data while long-term expectations are based on demographic requirements.

The board said the seasonally-adjusted yearly rate of starts in the Calgary region in May was 12,534, up from 10,890 last year.

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