Paul Blais Top Edmonton Realtor
Edmonton's housing starts maintain vigorous pace in March
Posted on Apr 16th, 2010 by ShawnaEdmonton's housing starts maintain vigorous pace in March
Edmonton's new home builders continued to ramp up production in March. According to the Canada Mortgage and Housing Corporation (CMHC), housing starts in the Edmonton Census Metropolitan Area (CMA) totalled 813 units in March compared with 135 units in March 2009. This represented the ninth consecutive month of year-over-year improvements in housing starts.
Single-detached home builders started work on 513 units last month, almost five times the 105 singles started in March last year. "The industry is attempting to replenish single-detached inventories that have been driven to low levels by a reduction in completions and relatively brisk demand," noted Richard Goatcher, CMHC's Senior Market Analyst based in Edmonton. So far this year, foundations were poured for 1,394 units compared with 401 singles recorded in the first three months of 2009.
Information provided by the Realtors Association of Edmonton
