A file photo of construction workers building new homes in 2015. XXX
CalgaryThe Canada Mortgage and Housing Corp. says Alberta is boasting higher construction activity compared to last year, with housing starts up 54 per cent — and it could be the first step en route to a new record.Posted: Jul 18, 2024 3:11 PM EDT | Last Updated: 2 hours ago
"In the first six months, we have over 21,000 housing starts . That is actually a record-breaking number of housing starts for the first six months in our province's history," Saheb Dullet, director of policy and government relations with BILD Alberta, told the"If we continue at this pace, we're very much on a pace to break our all-time record, which was set in 2006, when we had just under 40,000 housing starts.
Throughout the first half of the year, Canada's six largest census metropolitan areas saw a four per cent combined year-over-year increase from 2023. "While strong starts growth in June and the first half 2024 in Calgary, Edmonton, and Montreal mitigated some of these decreases, we expect continued downward starts pressure across Canada throughout 2024."
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