Find us on Facebook Follow us on Twitter
Red Deer Advocate - Business
  • letter
  • print
  • follow

Home construction count same as 2011, stats reveal

To say that residential construction activity in Red Deer this year is similar to 2011 might be an understatement.

With one month remaining in the calendar year, cumulative housing starts in the city numbered 515 — the same tally as the end of November last year.

The only difference was the types of homes being constructed, with the 2012 year-to-date total including 296 single-detached houses and 219 in other categories, like duplexes and apartments.

Last year, the January-to-November breakdown consisted of 284 single-detached projects and 231 of other types.

Building activity this year was ahead of 2011 until last month, when there were only 16 housing starts in Red Deer as compared with 36 in November 2011, according to statistics released on Monday by Canada Mortgage and Housing Corp.

Single-detached starts declined by one, to 14, but starts on other types of housing fell to two from 21 the previous year.

Red Deer’s 56 per cent drop in November housing starts was the greatest of Alberta’s seven largest urban areas. The Regional Municipality of Wood Buffalo experienced the second biggest decline, at 48 per cent, followed by the City of Grande Prairie at 44 per cent and the Calgary metropolitan area at 10 per cent.

The Edmonton metropolitan area recorded a 155 per cent jump in housing starts — due mainly to a spike in multi-family projects, while Medicine Hat was up 31 per cent and Lethbridge by 29 per cent.

The pace of housing starts across Canada fell in November for a third straight month, said CMHC. But the decrease was mainly attributed to declines in single-detached and multi-unit housing construction in Ontario and British Columbia.

The seasonally adjusted annual rate of urban starts decreased by four per cent in November, with urban single starts off by 5.4 per cent and urban multiple starts down 3.2 per cent. The rates of urban starts fell 14.3 per cent in Ontario and 16.5 per cent in British Columbia, but rose 15.4 per cent in Quebec and 16.1 per cent in the Prairies.

With files by The Canadian Press.



COMMENTING ETIQUETTE: To encourage open exchange of ideas in the Red Deer Advocate community, we ask that you follow our guidelines and respect standards. Personal attacks, offensive language and unsubstantiated allegations are not allowed. More on etiquette...



follow us on twitter

Featured partners