Edmonton home starts to moderate

The Edmonton area’s housing market will see fewer single-family starts in the new year, but the balanced housing market of the province’s capital region will support modest price growth, says a federal agency.

Canada Mortgage and Housing Corp. recently released its economic and housing outlook for the province, including the major centres in Alberta.

“Single detached home starts are trending upward since 2011 due to full-time employment growth and low mortgage rates,” says David Lan, a senior market analyst with CMHC.

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