Starts gap narrowing

The gap between the pace of housing starts in 2009 versus 2008 continues to narrow. Canada Mortgage and Housing Corp. reported on Monday work began on 69 new homes in the city last month. That’s up from 42 last October. It’s the fifth consecutive month that residential construction activity has exceeded that from the same period in 2008.

The gap between the pace of housing starts in 2009 versus 2008 continues to narrow.

Canada Mortgage and Housing Corp. reported on Monday work began on 69 new homes in the city last month. That’s up from 42 last October. It’s the fifth consecutive month that residential construction activity has exceeded that from the same period in 2008.

After lagging far behind the 2008 tally to start the year, total housing starts in Red Deer number 414 after 10 months, 12 per cent behind last year’s pace, when work had started on 468 homes in the city.

In the case of single-detached projects, the difference is down to six per cent, with 280 starts this year as compared with 298 in 2008.

There were 53 starts on single-detached houses in Red Deer during the most recent month, up 26 per cent from October 2008, when the figure was 42. In the case of multi-family units, work started on 16 last month, while in October 2008 there was none.

Looking at Alberta’s seven largest urban areas, only Lethbridge had a smaller year-over-year decline in housing starts than Red Deer. The 10-month tally for the Southern Alberta city was down seven per cent this year.

The Edmonton metropolitan area was 24 per cent lower, the Regional Municipality of Wood Buffalo was down 34 per cent, Grande Prairie slid 41 per cent, the Calgary metropolitan area declined 54 per cent and Medicine Hat was off 53 per cent from 2008.

Despite its rebound as compared with last year, Red Deer’s 2009 housing start total remains well behind the record pace of 2007. That year, work on 1,358 homes had begun by the end of October: 873 single-detached homes and 485 multi-family units.

Just Posted

PHOTOS: Red Deer College Queens host third annual Pink in the Rink game

The Red Deer College Queens hosted the Olds College Broncos at the… Continue reading

PHOTOS: The Mustard Seed CEO speaks at Seeds of Hope Gala in Red Deer

The first-ever Seeds of Hope Gala was held at the Red Deer… Continue reading

PHOTO: Renewable Energy Fair at Red Deer College

The Renewable Energy Fair and Workshops event was held at Red Deer… Continue reading

Person airlifted to hospital after collision near Innisfail

One person was airlifted to hospital after a serious collision west of… Continue reading

WATCH: Make-A-Wish grants Star Wars loving teen’s wish

The Make-A-Wish Foundation granted Anakin Suerink’s wish in Red Deer Saturday afternoon

‘Stupid’ law preventing Canada’s re-engagement with Iran: retired envoy

OTTAWA — The real reason the Liberal government hasn’t been able to… Continue reading

Voters head to polls for BC municipal elections today

VANCOUVER — Voters in British Columbia will head to the polls today… Continue reading

All sharks tagged in N.S. expedition can now be tracked on Ocearch website

HALIFAX — All six of the sharks tagged in Nova Scotian waters… Continue reading

Memorial service for former PQ minister Lise Payette today in Montreal

MONTREAL — Mourners will gather to remember former Parti Quebecois cabinet minister… Continue reading

Immunotherapy scores a first win against some breast cancers

For the first time, one of the new immunotherapy drugs has shown… Continue reading

‘Mom I’m in trouble:’ Canadian, Brit face 10 years in jail for alleged graffiti

GRANDE PRAIRIE, Alta. — The mother of a Canadian who was arrested… Continue reading

Coyote on the prowl near Penhold

This coyote was out on the prowl in a field just west… Continue reading

Most Read