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‘Modest’ growth expected in spring

Posted by Jeff Campbell on Monday, November 29th, 2010 at 10:51am.

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

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

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