Two cities of over a million people and both are impacted by the oil bust in Alberta. As much as Edmonton and Calgary are alike, they are different. In checking the stats on the first half of 2016, a glance at new housing and resale homes activity in both markets draws similarities between the two major centres.
Construction starts
Edmonton and Calgary saw fewer shovels in the ground in the first six months of the year. Numbers from Canada Mortgage and Housing Corp put housing starts in Edmonton at 1,378 compared with 2,140 in the first six months of 2015. Calgary fared a little better with 1,068 homes so far this year, down from just 1,426 this time frame last year. In looking at the numbers just for June 2016, Edmonton saw 1,673 detached
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