February 2017

Found 1 blog entry for February 2017.

  

Duplex homes and townhouse units may be affordable options for many, but in Calgary there’s too much of a good thing even with slower starts predicted in 2017.

Canada Mortgage and Housing Corporation (CMHC) recently issued its 2016 report, taking stock of multi-family developments in the Calgary census area.  Last year there were just over 5,700 starts in the multi-family sector, a dip of 35% over the 8,800 starts reported in 2015.  These figures take construction in Cochrane, Airdrie and Chestermere.

At the risk of sounding like a broken record, CMHC market analyst Richard Cho reiterated what we in Alberta know all too well.  The price of oil, employment slow downs and fewer people moving to the Calgary area contributed to slowing demand in

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