A report by Altus Group suggests, while the apartment sector will be driving most of the overall moderation in starts in 2013, Calgary is the only market expected to escape a downturn.
Calgary apartment starts are expected to reach 4,100 in 2013 compared to 4,000 in 2012, the only increase in major centres covered by the Altus Group report. By 2014, however, that number is expected to drop to 3,600.
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Single-detached starts in Calgary for January increased 31 per cent compared to January 2012 said the Canada Mortgage and Housing Corporation (CMHC) in its Housing Now report.
“New single-detached construction in Calgary remains robust as new inventories and active listings in the competing resale market have declined and rental vacancies remain relatively low,” stated the report.
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New numbers from the Canada Mortgage and Housing Corporation show 21 single-detached home broke ground last month, compared to just 7 in February 2012.
The number of home starts in Medicine Hat has tripled year-over-year. New numbers from the Canada Mortgage and Housing Corporation show 21 single-detached home broke ground last month, compared to just 7 in February 2012.
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Home construction in and around Calgary will likely slow this year, says a federal agency.
The Calgary census metropolitan area should end 2013 with 11,800 housing construction starts of all kinds, easing nine per cent from 12,841 starts in 2012, says Canada Mortgage and Housing Corp. in its first-quarter forecast.
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The Canada Mortgage and Housing Corporation predicts lower demand will lead to a slowing in housing starts this year compared with 2012, with average prices to be little changed.
In its first-quarter forecast released Friday, the national housing agency’s mid-point prediction for starts is 190,300, which would be down 11 per cent from 2012’s 214,827.
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CALGARY — Housing starts in the Calgary region in 2012 were well above 2011 levels, rising by 38 per cent on an annual basis, according to Canada Mortgage and Housing Corp.
The agency said Wednesday that total starts in the Calgary census metropolitan area jumped to 12,841 units last year. The single-detached market saw a 17 per cent hike to 5,961 units while the multi-family sector rose by 63 per cent to 6,880 units.
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Canada Mortgage and Housing Corp. (CMHC) is projecting 12,400 new homes starts in the Calgary Census Metropolitan Area (CMA) in 2012 and if builders expect to hit that mark, new home starts will have to pick up the pace.
Figures released recently by CMHC show housing starts in October were trending at 11,767 units, a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts.
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Canada Mortgage and Housing Corporation recently released a report on Alberta housing starts for October 2012, and Lethbridge is up over last year.
Lethbridge saw 49 housing starts last month, compared to only 25 last October. All other housing starts were at 37, up from 14 last year. Total starts last month sat at 86, more than twice than the 39 in 2011.
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New home starts in the Calgary Census Metropolitan Area should reach 12,400 units by year end, declining slightly to 11,900 units in 2013, says Canada Mortgage and Housing Corp. (CMHC).
The projection for this year is up from the 9,292 starts recorded in 2011 and would be the first time annual starts crest the 12,000-unit plateau since 2007.
Read more: http://tinyurl.com/bgjsbea
Construction starts of all housing types in Calgary soared in September compared to the same time last year, says a federal agency.
There were shovels in the ground for 1,012 homes last month, up 26 per cent from 810 starts during September last year, says Canada Mortgage and Housing Corp.
Read more: http://tinyurl.com/8pw5x4b