FOR IMMEDIATE RELEASE: Housing Starts and Completions continue to rise in Calgary
BILD Calgary Region
The respected voice of the building industry in the Calgary Region.
CALGARY, AB — Canada Mortgage and Housing Corporation (CMHC) has published Canada’s June 2024 Housing Starts and Completions with Calgary seeing a significant uptick in housing activity this year, up from last year’s record pace. The year-to-date data for June reveals a 31% increase in housing starts and an 84% rise in completions in the Calgary market. Similarly, the Calgary Metro Area, which includes Airdrie, Cochrane, Chestermere, and Okotoks, experienced a 38% increase in starts and a 75% increase in completions.
“The latest CMHC Housing Starts and Completions data for June underscores our members’ unwavering dedication and adaptability,” said Catherine Agar, Chair of the Board of Directors at BILD Calgary Region. “Despite encountering challenges in June, our members have continued to innovate, offering diverse housing options to cater to everyone entering, moving up, or downsizing in the market.”
“We applaud BILD members for their exceptional efforts and commitment,” said Brian Hahn, CEO of BILD Calgary Region. “BILD members also acknowledge the City of Calgary for keeping pace with this accelerated housing activity through timely building permits and inspections. ?Increasing housing supply is the key which unlocks the door to home affordability. The efforts of BILD members and our partners at the City of Calgary are the hands that turn that key.”
The record number of housing starts in 2023, coupled with sustained momentum in 2024, demonstrates BILD members’ commitment to alleviating pressures on rental and homeownership prices in Calgary.
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BILD Calgary Region advocates for affordability, innovation, quality, and choice for individuals looking to call the Calgary region home. Additionally, BILD supports its members by connecting them, recognizing their achievements, and providing educational opportunities.
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BILD Calgary Region is the trusted voice of the building and land development industry that represents about 600 organizations including builders, developers, professional renovators, suppliers, skilled trades, and consultant members. For more information on BILD Calgary Region, visit BILDCR.com
Challenges Accepted
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7 个月Great accomplishment to alll the quality builders in YYC, well done.