Housing starts continue to lag in Red Deer

By Troy Gillard (Twitter: @Troy_Gillard)
November 8, 2018 - 9:35am

The cooling trend when it comes to housing starts in Red Deer continues, according to the latest numbers from Canada Mortgage and Housing.

CMHC says Red Deer saw 13 housing starts last month, down from 30 in October 2017.

Twelve of the homes started last month were single-family dwellings, while the other was an apartment building.

Year-to-date numbers for Red Deer show 137 housing starts, including 102 single-family dwellings, between January – October this year, down from 211 (171 single-family) in the first 10 months of 2017.

Province-wide, Alberta saw 1,437 housing starts last month, down 40 per cent from 2,402 last October.

Sylvan Lake has had 68 housing starts so far in 2018, down 10 from this time last year.

Housing starts in Lacombe have gone from 62 in the first 10 months of last year to 50 this year.

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