Latest News

February 26, 2015

A CHBA-ER media release.

February 25, 2015

Click HERE to access CHMC's Edmonton 2015 February Starts Press Release.

February 06, 2015

PRAIRIE HOUSING STARTS TO DECREASE IN 2015 AND 2016

Calgary, February 6, 2015 – According to Canada Mortgage and Housing Corporation’s (CMHC) first quarter 2015 Housing Market Outlook, Prairies Highlights, report released today, housing starts in the Prairie region are projected to decrease from 55,067 in 2014 to 49,600 in 2015 and 48,000 in 2016.

January 28, 2015

Members, the CHBA-ER's Monthly Detailed Permits for the month of September are now available on the members-only section of the website. Click HERE.

January 09, 2015

Prepared by Richard Goatcher, CHBA – Alberta Economic Analyst


 

A strong performance by the multi-family sector drove Alberta housing starts for major cities up 13% in 2014 to 37,268 units.

Multi-family starts in Alberta’s cities over 10,000 population climbed 20% over 2013 totals to 17,246 units. Single-family starts rose 5.8% to 17,246 units. Statistics for all areas of the province will be released by Canada Mortgage and Housing Corp. next week.

In Calgary Region, multi-family starts posted a record performance in 2014, eclipsing the previous benchmark set in 1978 by 35 units. In Edmonton Region, multi-family starts decreased by 19% from a stellar performance in 2013 but were nonetheless well above historic averages. 

In all, 5 of 7 major cities saw improvements in new housing volumes in 2014. Edmonton’s single-family builders reported the strongest gains among all major cities but these were offset by the reduction in multiples. 

In December, housing starts in Alberta’s cities over 10,000 population decreased by 2.5% from year-ago levels to 2,495 units. On a seasonally adjusted basis, activity levels decreased from 32,632 units (SAAR) in December from a revised rate of 36,259 units in the previous month of November. 

A year-over-year increase in single-family starts compared with December 2013 was countered by a reduction in multi-family activity. Lower starts in December were reported in Calgary & Edmonton CMAs and in Grande Prairie while starts increased in Lethbridge, Red Deer and Wood Buffalo. Activity was unchanged year-over-year in Medicine Hat.

2014 Highlights:

Edmonton’s single-family builders enjoy the best year since 2007;

Record high multi-family starts in Calgary Region;

Best year for multi-family starts in Red Deer since 2007 and Grande Prairie since 2008; 

Wood Buffalo (Ft. McMurray) saw a sizable retreat in housing starts from 2013 levels.

For more information please contact:

Richard Goatcher, Economic Analyst, CHBA - Alberta

richard.goatcher@chbaalberta.ca