Calgary Housing Starts Drop in February

Total housing starts in the Calgary region fell by 33.4 per cent in February compared from a year ago, reported by Canada Mortgage and Housing Corp.

The agency reported Friday that starts in the Calgary census metropolitan area were 896 for the month.

Single-detached starts of 486 were off by 0.8 per cent while multi-family starts of 410 dropped by 52 per cent compared with February 2012.

Year-to-date, total starts in the region of 1,615 are down 24.2 per cent from the same period in 2012. That’s a result of the multi-family sector being off by 32 per cent (888 units). However, the single-detached market is up 12.2 per cent to 927 starts this year.

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