Pace takes breather
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.