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May 01, 2017

Upswing seen in March Calgary home starts

Pepper Rodriguez

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Total housing starts in the Calgary Census Metropolitan Area (CMA) rose significantly to 1,145 actual units in March 2017, a 278 per cent increase from March 2016 when only 411 home constructions started.


According to the Canada Mortgage and Housing Corporation, single-family home starts in the city went up to 283 from 217 the previous March. Multi-family construction had the biggest impact, climbing to 862 units in March from 194 last year.

“We’re seeing an increase in housing starts for Calgary in single detached and multi-family,“ says Richard Cho a market analyst with CMHC. “The market supply on the resale side has come down so builders can increase activity.” NL

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