CMHC released their "Housing Now" report today. I'm just going to give the brief highlights and then get back to our Christmas celebrations…
- Total housing starts across Greater Edmonton have increased on a year-over-year basis for the fifth consecutive month.
- More than 2.5x more single family homes were started in November '09 than '08
- Year over year single family home construction is up 43%
- Multiple unit starts increased to 333 units in November compared with 55 units in November of last year.
- Condo inventory is decreasing as completions were outpaced by absorptions for the second month in a row, but condo inventory is still more than double that of last November
I wonder how the freezing cold weather will affect things for December? We'll have to wait and see…
PS – the weekly stats won't be posted until Saturday.
Some great highlights from the report! Thanks for sharing.
The one statistic that says that single family home construction is up 43% year over year is amazing.
This is a great sign to see.
Keep up the great work with your blog!
Regards,
Neil Uttamsingh