(Canadian Press)

By rdnewsNOW staff

CMHC

Red Deer housing starts continue upward trend

Nov 12, 2019 | 9:33 AM

Despite a downward trend in national housing starts last month, Red Deer saw a modest increase.

According to Canada Mortgage and Housing Corporation (CMHC), there were 16 housing starts in Red Deer in October, up from 13 in October of last year.

Year-to-date numbers also show an upward trend in Red Deer housing starts, with 222 so far this year, up from 137 at the same time last year.

Province-wide, there were 1,907 new home construction starts in October, up 35 per cent from the 1,415 new home construction starts seen in October, 2018.

Nationally, communities with a population of 10,000 plus, saw housing starts check-in at 16,586 last month, down 3 per cent from the 17,179 seen in October of last year.

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