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Analysts say housing starts will drop in Wood Buffalo 6% in 2013

Analysts say that Wood Buffalo will seeĀ  just over a 6 percent drop in housing starts this year.

The Canada Mortgage and Housing Corporation says in the first quarter Housing Market Outlook that there will be 325 new housing project starts for single-detached homes compared to 347 last year.

In Alberta it’s projected that housing starts will reach 31,800 units in 2013, and closer to 32,200 in 2014.

House costs across the province are expected to rise 2.2. percent this year.

February 25th, 2013