Pace takes breather

Calgary Herald New Condos - - Front Page - — Marty Hope

Talk about a slow­down. In places like Cam­rose, Can­more, Cold Lake, Strathmore and Wes­taski­win, construction of multi-fam­ily units is down nearly 87 per cent for July to Septem­ber com­pared to 2008. For the same pe­riod, Canada Mort­gage and Hous­ing Corp. re­ports work started on just 57 units, down from 429 a year ago. In larger cen­tres across the prov­ince, in­clud­ing Cal­gary, Ed­mon­ton and Wood Buf­falo, construction is down 33 per cent.

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