It Appears Lethbridge's Housing Boom Continues: B93.3 FM : Lethbridge's #1 Hit Music Station : Lethbridge News, Alberta
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It Appears Lethbridge's Housing Boom Continues

Lethbridge:  Positive news on the local housing front. Among the top five cities in Alberta, only Lethbridge posted a significant gain in housing starts during the first quarter of 2011. 

   Recent figures from Canada Mortgage and Housing show housing starts are up 63.5 per cent over the first quarter last year, mostly because of  a large increase in multi-family home construction.

   While single-detached home construction dropped by 25.6 per cent (from 129-starts in the first quarter of 2010 to 96 in the first quarter of this year) multiple-family units have picked up the slack.  There were 30-multiple units constructed between January and the end of March in 2010.   During the same time this year, the number has jumped to 164, to help push-up overall housing starts.

  Economic Development Lethbridge CEO Cheryl Dick notes that over the last few years, Lethbridge has had very low multi-family construction with very high single-detached home building. She says, "Putting more multi-family units into the mix is probably not going to be a significant problem because you have to have a good mix of housing in your market place".

  As a point off comparison, Calgary housing starts are down 58.5 per cent, Edmonton is down 38-per cent, Red Deer dropped 59.1 and Medicine Hat is down 67.9 per cent.

Posted on Friday, April 08, 2011 at 4/21/2014 4:54:42 PM
Source: Dori Modney -- Country 95 News
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