By Patrick Burles

Lethbridge and Edmonton – Alberta’s Only Major Urban Centres to Tally Increased New Home Starts

Jan 13, 2016 | 3:06 PM

Lethbridge and Edmonton – Alberta’s only Major Urban Centres to Tallies Increased New Home Starts

Lower oil prices, which have impacted employment, migration and consumer confidence, are being blamed for reduced housing demand in many locations across the province. Statistics show the drop was particularly harsh in Calgary’s metropolitan area…where new home starts dropped by more than 4100 hundred units last year.

On a positive note, both Edmonton and Lethbridge were the only two of Alberta’s seven major urban centres to register increases in new home starts.

By 2015 year end, Lethbridge had recorded a combined 833 single and multi-family new home starts. That compared to to 676 in 2014.

Lethbridge home construction was particularly higher in the area of multiple starts, with an increase of 100 units over the previous year while single family construction saw an increase of 56 units on the year.

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