LETHBRIDGE: A rosier picture for Lethbridge compared to similar-sized cities' housing start numbers. The Canada Mortgage and Housing Corporation report released Tuesday says housing starts in the city dropped 9.4 per cent in the month of September, but the long-term trend is more promising.
Results for the third quarter (January to September) show Lethbridge housing starts are up 10.7 per cent overall. It's a healthier market compared to Medicine Hat, where starts are down 56 per cent, and Red Deer, where housing starts dropped 7.5 per cent.
As for where that construction comes from, the bulk of the increase can be attributed to a spike in multi-family home construction. Lethbridge built 238 multi-family homes between January and September - almost twice the amount built during the same time frame in 2010. The number of single-detached homes built dropped slightly from 422 last year to 382, a difference of 9.5 per cent.
Posted on Tuesday, October 11, 2011 at 4/16/2014 1:43:39 PM
Source: Marion Warnica, Country 95 News - photo by Country 95 News