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Glen Godlonton

Calgary home starts plunge



Housing starts in the Calgary census metropolitan area continued their downward spiral in November, falling by 26 per cent compared with the same month a year ago.

Those numbers, released by Canada Mortgage and Housing Corp. on Monday, were fuelled by a 42.8 per cent plunge in single-detached starts, which fell to their lowest November level in 18 years, while multiple starts increased by 28.1 per cent on a year-over-year basis.

http://www.canada.com/calgaryherald/news/c...49-070fcf42507a
Published Wednesday, December 10, 2008 2:19 PM by Glen Godlonton

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