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Century 21 Signature Realty
#207, 2920 Calgary Trail NW, Edmonton, Alberta
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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

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