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Expert predicts busy 2011 for home starts

Posted by Arshad Rashed on Thursday, November 25th, 2010 at 9:11am.

Construction of new single-family homes will be off to a slow start next year, but activity will pick up in the second half of 2011, a Calgary housing conference was told Tuesday.

Lai Sing Louie, a Calgary-based economist with the Canadian Mortgage and Housing Corporation, said the main factor impacting home sales in this province is the number of people moving to Alberta. And that, in turn, depends on the economic health of the oilpatch.

“The oilpatch is improving from last year and obviously that’s a good sign for Alberta,” Louie said at the CMHC Housing Outlook Conference. 

Panorama Hills is a community of Calgary, Alberta.  We specialize in Panorama Hills Real Estate. If you have any questions about the Panorama Hills real estate market, or Calgary Real Estate market, Panorama Hills homes for sale, or would like a free market evaluation of your home. Call the Jeff Campbell Team now 403-816-4449 or visityour Panorama Hills Real Estate experts!

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