Housing starts in the Calgary are on the upswing, said by the Conference Board of Canada.
A report released Wednesday suggests short-term expectations for the industry in the Calgary region are positive. But the board also stated long-term expectations are negative.
Short-term expectations are set on residential permits data while long-term expectations are based on demographic requirements.
The board said the seasonally-adjusted yearly rate of starts in the Calgary region in May was 12,534, up from 10,890 last year.