Alberta is wrapping up 2024 with significant momentum in housing development, recording 42,954 housing starts from January to November — a 35% increase compared to the same period last year, according to data from the Canada Mortgage and Housing Corporation (CMHC). This achievement cements Alberta’s position as the national leader in per capita housing starts.“It’s wonderful to see Alberta continue to lead the country in housing starts,” said Jason Nixon, Minister of Seniors, Community and Social Services. “As we close out 2024, we continue to support our partners to get homes built faster. By increasing Alberta’s housing supply, we are able to get Albertans into the homes they need.”Major urban centers in Alberta experienced robust growth in new housing projects. Calgary reported 22,652 starts, up 25% from last year, while Edmonton saw a 48% rise to 16,939. Red Deer saw the largest proportional increase, with housing starts nearly doubling to 342 units, up 90%.Scott Fash, CEO of BILD Alberta Association, highlighted the importance of maintaining this pace. “With a 35% increase in housing starts over the first 11 months of 2024, Alberta’s housing sector is on a strong upward trajectory. BILD Alberta is committed to working with government and municipal partners to maintain this momentum, reduce barriers, and accelerate development to meet the growing demand for homes across the province.”The province has focused on cutting red tape and incentivizing residential construction to meet the housing demands of a growing population. In November, Alberta launched the Stop Housing Delays portal, a tool for developers and municipalities to identify and resolve bottlenecks in construction processes.Apartment construction reached record levels, with 9,903 apartment unit starts in the first half of 2024 — the highest in any half-year in Alberta’s history, surpassing a previous record set in 1977.Alberta’s government has also emphasized investments in affordable housing. Since 2019, the province has committed almost $850 million to build more than 5,100 affordable housing units and close to 900 shelter spaces. This includes $182.4 million pledged for 1,235 units not yet underway and $66.8 million for 451 units currently under construction.With $9 billion in investments supporting affordable housing, Alberta aims to provide assistance to 25,000 additional low-income households by 2031.
Alberta is wrapping up 2024 with significant momentum in housing development, recording 42,954 housing starts from January to November — a 35% increase compared to the same period last year, according to data from the Canada Mortgage and Housing Corporation (CMHC). This achievement cements Alberta’s position as the national leader in per capita housing starts.“It’s wonderful to see Alberta continue to lead the country in housing starts,” said Jason Nixon, Minister of Seniors, Community and Social Services. “As we close out 2024, we continue to support our partners to get homes built faster. By increasing Alberta’s housing supply, we are able to get Albertans into the homes they need.”Major urban centers in Alberta experienced robust growth in new housing projects. Calgary reported 22,652 starts, up 25% from last year, while Edmonton saw a 48% rise to 16,939. Red Deer saw the largest proportional increase, with housing starts nearly doubling to 342 units, up 90%.Scott Fash, CEO of BILD Alberta Association, highlighted the importance of maintaining this pace. “With a 35% increase in housing starts over the first 11 months of 2024, Alberta’s housing sector is on a strong upward trajectory. BILD Alberta is committed to working with government and municipal partners to maintain this momentum, reduce barriers, and accelerate development to meet the growing demand for homes across the province.”The province has focused on cutting red tape and incentivizing residential construction to meet the housing demands of a growing population. In November, Alberta launched the Stop Housing Delays portal, a tool for developers and municipalities to identify and resolve bottlenecks in construction processes.Apartment construction reached record levels, with 9,903 apartment unit starts in the first half of 2024 — the highest in any half-year in Alberta’s history, surpassing a previous record set in 1977.Alberta’s government has also emphasized investments in affordable housing. Since 2019, the province has committed almost $850 million to build more than 5,100 affordable housing units and close to 900 shelter spaces. This includes $182.4 million pledged for 1,235 units not yet underway and $66.8 million for 451 units currently under construction.With $9 billion in investments supporting affordable housing, Alberta aims to provide assistance to 25,000 additional low-income households by 2031.
