Wednesday, 20 November 2013
Edmonton Housing Starts to Moderate in 2014
By the end of 2013, housing starts are on track to total 13,900 units in the Edmonton Census Metropolitan Area (CMA). This represents an increase of 8.3 per cent over 2012. The pace of housing starts will moderate in 2014 to 12,200 units due to reduced activity in the multi-family sector. "Although economic growth will continue to support housing demand, the elevated level of multi-family units under construction this year increases the risk of rising inventory and will moderate construction in that sector," said Christina Butchart, CMHC's Senior Market Analyst for Edmonton.