Home construction pace eases: CMHC data not unexpected Final Edition

"We didn't expect to be able to keep pace," says Richard Corriveau, CMHC's Calgary-based senior market analyst. Nationally, CMHC found a 4.7 per cent drop across the country -- to 197,900 in May from April's 207,700 -- but the industry is not concerned, says Allan Klassen, i...

Full description

Saved in:
Bibliographic Details
Published inCalgary herald
Main Author Marty Hope, With files from Eric Beauchesne, CanWest News Service
Format Newspaper Article
LanguageEnglish
Published Calgary, Alta Postmedia Network Inc 10.06.2003
Online AccessGet full text

Cover

More Information
Summary:"We didn't expect to be able to keep pace," says Richard Corriveau, CMHC's Calgary-based senior market analyst. Nationally, CMHC found a 4.7 per cent drop across the country -- to 197,900 in May from April's 207,700 -- but the industry is not concerned, says Allan Klassen, incoming president of the Calgary Region Home Builders Association. "While rates haven't climbed as fast as expected, costs associated with building houses have climbed faster than expected and it's having an impact," Corriveau says.
ISSN:0828-1815