CTV news was pretty interesting this evening (along with the Calgary Herald versus the Financial Post actually.)
They had a short report talking about how housing starts in Calgary leaped by 80% - as compared to last year (when everything was kicked in the gonads.) They interviewed a rep from the CMHC about their numbers.
Immediately following that segment they had their BNN market portion where the host presented the same numbers but described that "the Bank of Canada may have been right about the housing market weakening markedly. Housing starts dropped across the country by 6% from April with starts on single family homes dropping by over 14%. The biggest plunge was in the prairies at over 22%."
It's always interesting how the numbers can be spun - just startling when it was shown back to back.
