CMHC stats show spike in multi-family dwelling starts

While recent statistics from the Canadian Mortgage and Housing Corporation (CMHC) show a decrease in single-family developments in Grande Prairie, the market is anything but slowing.

Single-detached home starts in January dropped 36% from 2012 to 2013 – 14 and 9 respectively – but multi-family dwelling starts are up close to five times the 2012 total.

In January 2012, there were two multi-family dwelling starts, while in 2013, there were nine.

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