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

 
Home /Local News Feed /
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 4/25/2014 4:54:42 PM
Source: Dori Modney -- Country 95 News
 
 
Latest News Articles

 
Missing Lethbridge Man Located
Friday, April 08, 2011 : 4/25/2014 4:54:42 PM
 
College Breaks Ground On New Trades Building
Friday, April 08, 2011 : 4/25/2014 4:54:42 PM
 
Finishing Work Continues On SLP Skatepark
Friday, April 08, 2011 : 4/25/2014 4:54:42 PM
 
Accused in Warner Shooting Gets Seven Years
Friday, April 08, 2011 : 4/25/2014 4:54:42 PM
 
Extensive Damage in South-Side House Fire
Friday, April 08, 2011 : 4/25/2014 4:54:42 PM
Home /Country 95.5 FM News


 
 

 




 
B93.3 FM
Home Promotions
Station Blogs
On Air Events
News  
Other Links
Contact Us Alberta Equity Scholarship Program
Legal Notice Advertise with B93.3 FM
Privacy Policy  
Connect with B93.3 FM