Alberta experiences huge spike in housing starts in 2024

New data from the Canada Mortgage and Housing Corporation indicates that Calgary, Edmonton, Lethbridge, and Red Deer led Canadian cities in new housing starts in 2024. Lethbridge saw a remarkable 194% increase, with 715 new units compared to 243 in 2023. Red Deer experienced an 87% rise, from 189 to 354 units. Edmonton's housing starts rose by 39% to 18,384, while Calgary's increased by 24% to 24,369. Alberta's overall housing starts grew by 32%, but national growth was limited to 2% due to declines in major cities.

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