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St. Albert Gazette – Edmonton Housing Starts Fall Short of Last Year

The St. Albert Gazette’s front page today has a well written article about the housing starts in the Edmonton area. By referencing housing starts, CMHC thinks they can predict the future of the real estate market.

Personally, I don’t know if housing starts are the be-all-end-all of the market study, because it doesn’t really account for sales of existing inventory or resale homes; and lets be honest… new homes aren’t even 10% of the home sales.

Still, it’s an interesting article. Have a read…

http://stalbertgazette.com/eEditions/2009/GAZETTE/09-05-20.pdf

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