Housing Starts are down sharply

And for the first time in a while that they have fallen below seasonally adjusted 200,000
But one month doesn't really make a trend. We'll have to wait and see how this changes in coming months. It could just be the weather or may be some builders are getting a clue of what is going on in the US.
Here in Edmonton though, at least in downtown, I see cranes everywhere around. I'll try to do a post in coming days on condos that are going to be available in coming months in Edmonton and Calgary.