Housing starts spike in October

By Geoff Smith (@GeoffSmithLNN on Twitter)
November 8, 2017 - 10:11am

LETHBRIDGE - New home construction in Lethbridge is up by nearly one-third over last year.

Through October, the Lethbridge census metropolitan area recorded 662 housing starts, compared to 501 in 2016. Canada Mortgage and Housing Corp. said October itself saw a huge increase, with 122 starts, up from 21 one year ago.

That includes 79 multiple-unit buildings, and 43 single family homes.

Calgary and Edmonton are up this year, though Edmonton showed a decline in the month of October. Grande Prairie, Medicine Hat, and Red Deer all had slight increases on the month, but are still lower year-to-date.

Wood Buffalo, which includes Fort McMurray, continued to surge as a result of the rebuild following the 2016 wildfires.

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