So it is for single-family home builders in and around Calgary — although spring will likely come late next year, with forecasters predicting the return of the rugged winters of our youth. Spring is a time of optimism and renewal — at least, so the saying goes.
For single-family home builders in and around Calgary, next spring will be worth the wait, says Richard Cho, senior market analyst for Canada Mortgage and Housing Corp. Detached single-family home construction will increase at a “modest” rate, he says. The delay is because the oversupplied resale housing market is still there — and what’s worse, sales are down. To read more by Marty Hope with the Calgary Herald click here
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