Multiple category pushes Lethbridge housing starts higher in 2017
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LETHBRIDGE – A big jump in construction of multiple-unit dwellings pushed Lethbridge’s housing starts higher in 2017 compared to the previous year.
Year-end figures released by Canada Mortgage and Housing Corp. (CMHC) show a total of 769 starts in the Lethbridge Census Metropolitan Area during 2017. That’s up 13.6 per cent from the 677 homes started in 2016.
But the increase is entirely in the multiple category, with 282 started, up 48 per cent from the previous year. By contrast, the number of new singles was nearly identical, 487, an increase of one.
The Calgary and Edmonton metro areas showed increases of 25 per cent and 14 per cent respectively. Grande Prairie was down 17 per cent, Medicine Hat down 13 per cent, and Red Deer decreased 12 per cent. Wood Buffalo started a total of 1,625 homes, as it rebuilt from 2016’s devastating wildfires.
