register | confirm account | forgot password
PRIYA SHARMA
Century 21 Signature Realty
#207, 2920 Calgary Trail NW, Edmonton, Alberta
P: 780-485-2100
F: 780-485-2180
Email

Monday, February 13, 2012 - CMHC predicts 10-per-cent jump in Alberta housing starts in 2012

 

EDMONTON - Housing starts in the Prairies will increase almost 10 per cent this year, the Canada Mortgage and Housing Corporation predicted Monday. The CMHC said builders will begin construction on 43,000 housing units in 2012 in Alberta, Saskatchewan and Manitoba, up from roughly 39,000 in 2011. The corporation predicts the number will reach 43,450 in 2013.

Lai Sing Louie, the CMHC’s regional economist for the Prairies, credited the increase to economic activity.

“Employment opportunities in the Prairies will continue to draw migrants, supporting new housing demand,” he said.

Last week, Statistics Canada released its latest national population census. Population growth in Alberta and Saskatchewan ranked first and third, respectively, among the provinces.

The CMHC predicts that starts in Alberta will account for over two-thirds of the construction, with 17,300 single-detached homes started in 2012. Price growth in the province, the corporation forecast, will also increase slightly in 2012.

posted in General at Mon, 13 Feb 2012 14:56:31 -0700



Feature Listings Button
Button advertising your Feature Listings
Feature Listings
Photo and business card details widget
PRIYA SHARMA
Agent Photo
TelephoneOffice Phone:
780-485-2100
TelephoneMobile Phone:
780-298-2100
TelephoneFax:
780-485-2180
Email MeEmail:
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. Data last Updated: Mon, 16 Oct 2017 21:45:30 America/Edmonton
This site's content is the responsibility of PRIYA SHARMA , licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2017, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker