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.
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