Housing starts up

Residential construction starts in Red Deer last month were up 16 per cent from July 2008. And in the benchmark single-detached category, the year-over-year increase was 76 per cent.

Residential construction starts in Red Deer last month were up 16 per cent from July 2008. And in the benchmark single-detached category, the year-over-year increase was 76 per cent.

Canada Mortgage and Housing Corp. reports that work began on 43 homes in the city last month, including 37 single-detached houses.

A year ago, there were 37 residential starts, with 21 of these single-family projects.

Among Alberta’s seven largest cities, Red Deer was one of only three to record an increase in July. Lethbridge was up 34 per cent, thanks to big jump in multi-family starts; and the metropolitan area of Edmonton was 11 per cent higher, with single-detached construction accounting for the change.

July housing starts in the Rural Municipality of Wood Buffalo tumbled 87 per cent, in Medicine Hat they fell 76 per cent, Grande Prairie was off 59 per cent and the Calgary metropolitan area declined 14 per cent. The average of all seven centres was 19 per cent lower.

The increase in residential construction in Red Deer comes after city officials announced last week that just $5.5 million worth of residential building permits were issued in July. In June, the number was $10.2 million and in July 2008 it was almost $29 million.

For the year to date, residential construction in Red Deer continues to lag well behind the pace in 2008. The 203 housing starts during the first seven months of this year are 45 per cent fewer than the 371 recorded to the same point in 2008.

In the case of single-detached homes, the 147 starts accumulated so far this year are down 28 per cent from the 205 for the same period in 2008.

Nationally, CMHC reported that the number of housing starts hit a seasonally adjusted rate of 132,100 units in July, down from 137,800 in June. The agency estimated that there were 12,712 actual starts last month, down from 18,229 actual starts in July 2008.

It attributed the national decline to fluctuations in the condominium market and extreme weather in some areas.

Just Posted

Red Deer city council to consider starting a bike registry this spring or summer

Coun. Buck Buchanan suggested it would help police return recovered stolen property

Complaints about Michener Hill apartment revealed at Red Deer rezoning discussion

More details will be heard at a public hearing on April 15

Rimbey-area landowner believes earthquake damaged his electricity supply

Underground line was damaged at same time quake hit, says landowner

Open call for musicians to play Ross Street Patio Parties in Red Deer

The City of Red Deer is inviting musicians from various different cultural… Continue reading

Rocky Mountain House citizens recognized in awards show

Mayor’s Recognition Awards handed out in ceremony last Friday

WATCH: Celebrating francophone Canadians at the 10th annual Red Deer Winter Carnival

The event was hosted by the Red Deer region of the French-Canadian Association of Alberta Saturday

Family: Time to shed winter clothes and inhibitions

It has been a long, crazy cold winter. But, if the thermometer… Continue reading

Chelsea Carey rink registers two wins at world women’s curling event

SILKEBORG, Denmark — Canada’s Chelsea Carey rebounded nicely Sunday at the world… Continue reading

Canadian Bianca Andreescu has her first WTA title, winning BNP Paribas Open

INDIAN WELLS, Calif. — Canadian Bianca Andreescu has her first WTA title.… Continue reading

‘Captain Marvel’ soars even higher with stellar 2nd weekend

LOS ANGELES — “Captain Marvel” has continued to dominate the global box… Continue reading

Budget to focus on affordable housing changes on supply, demand, regulation

OTTAWA — The Trudeau government will take steps in Tuesday’s federal budget… Continue reading

Kenney lieutenant denies running ‘puppet’ candidate in party leadership race

EDMONTON — The staffer at the centre of a spreading scandal over… Continue reading

RCMP find ammunition, machete after searching for ATV reported stolen

FROG LAKE, Alta. — Police say they found 600 rounds of ammunition… Continue reading

Most Read