Housing starts in Calgary have increased by about 20 per cent since the beginning of the year, according to the Canada Mortgage and Housing Corporation's latest report, and industry experts say it's a good sign for the economy. Frano Cavar, director of government relations for the Calgary Construction Association, says this is good news — and not only for the industry. "In August 2019, we had about 76,000 Calgarians employed in the construction industry. So that's a huge, heightened level and represents a 7.8 per cent growth from pre-pandemic levels," he said. "This tells us that we're seeing the construction industry really rebound."

Source: CBC News October 19, 2022 21:05 UTC