Very positive start to 2018 for Calgary homebuilders

Across Alberta in January, combined housing starts were up 48 per cent for a total of 1,628 units, year-over-year

Mario ToneguzziCalgary and Alberta homebuilders have started 2018 with a bang.

Data released on Thursday by Canada Mortgage and Housing Corp. shows housing starts in January are way up compared to the same month a year ago.

In the Calgary census metropolitan area, starts for the single-detached market were at 325, 47 per cent higher than the same time last year.

All other housing categories saw a hike of 59 per cent to 326 units.

Total housing starts in the region were at 651, up an impressive 53 per cent year-over-year.

The same trend holds true across the province. Alberta experienced year-over-year increases of 20 per cent for the single-detached market (784 units), 87 per cent for all other categories of housing (844 units) and 48 per cent for total housing starts (1,628).

The report and stats can be found at https://goo.gl/jAsAk4

Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.


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