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A new housing subdivision springing up in Calgary, where housing starts rose above 28,000 annualized in July, more than any other city in the country, and more than double the city’s June pace
A new housing subdivision springing up in Calgary, where housing starts rose above 28,000 annualized in July, more than any other city in the country, and more than double the city’s June pace
(Jeff McIntosh For The Globe and Mail)

The single hot spot skewing Canada’s housing picture

The problem with trying to gauge the heat of Canada’s housing market is that it depends on where you insert the thermometer. Over all, the market still looks unsustainably warm, but the nationwide numbers are being skewed big-time by scorchingly hot Calgary. If we remove this one city from the equation, the national housing landscape actually looks quite refreshingly cool.