Ed­mon­ton pace to in­crease in 2012

Calgary Herald - Calgary Herald New Condos - - New Condos - MARTY HOPE

Multi-fam­ily hous­ing con­struc­tion in Ed­mon­ton will likely show a slight de­crease this year, but it will pick up steam in 2012, says a fed­eral agency.

For this year, Canada Mort­gage and Hous­ing Corp. is call­ing for work to start on 3,750 apart­ments, town­houses, and semi-de­tached homes — a de­crease of just four per cent from the 3,897 con­struc­tion starts re­ported for 2010.

In 2010, multi-fam­ily hous­ing starts in­creased by 61 per cent from the pre­vi­ous year, with new apart­ment ac­tiv­ity more than dou­bling the vol­umes re­ported in 2009, says se­nior mar­ket an­a­lyst Richard Goatcher, of CMHC in Ed­mon­ton.

“In 2012, multi-fam­ily starts will ap­proach 4,100 units for an in­crease of nine per cent over 2011,” he says.

Cal­gary Her­ald Archive

Richard Goatcher of CMHC is pre­dict­ing there will be 4,100 units in 2012.

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