Calgary Housing Starts Drop in February

Posted on March 11, 2013 by Patrick Hospes and Julie Matthewson

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.

Comments:

No comments

Post Your Comment:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.