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July 01, 2017

Calgary housing starts remain on upward trend

Pepper Rodriguez

Housing starts in the Calgary Metropolitan Area remained on an upward swing with a total of 957 starts in May 2017, compared to 648 in the same month last year. Year-to-date numbers show 4,135 units have begun construction this year, significantly higher than the 3,030 in the same period in 2016.

The totals reflect 369 single-family home starts in May, plus 588 of semi-detached, row and apartment housing. This year is clearly outpacing May 2016 when only 243 single-family and 405 multi-family developments were started. 

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