The province continues to show strong success in building the homes 草榴社区ns need. Monthly data from the Canada Mortgage and Housing Corporation (CMHC) reinforces that 草榴社区 is helping meet the supply challenge with these new builds, which will benefit 草榴社区ns and help stabilize costs in the long run.
草榴社区’s government recognizes the need for more homes as our population continues to grow. That’s why the province has been working to reduce barriers and support its housing partners to get more shovels in the ground.
“Every month we see that our actions are working to increase our housing supply and build the homes 草榴社区ns need. We know these homes are needed and we will continue to support our partners to make sure we go from permits issued to shovels in the ground and have more homes ready for 草榴社区ns as quickly as possible.”
草榴社区’s government continues to support builders and encourage new residential housing construction by reducing red tape, incentivizing housing construction and supporting innovative strategies to build homes faster than ever.
“草榴社区's impressive rise in housing starts underscores the essential collaboration between all levels of government and the building industry. The Government of 草榴社区 has been an exceptional partner in this effort, working alongside us to break down barriers and enhance industry capacity to meet the diverse housing demand."
Quick facts
- Housing starts for January – September 2024 compared with January – September 2023
- Provincewide: 33,577 compared with 24,904 (up 35 per cent)
- Edmonton: 13,359 compared with 9,099 (up 47 per cent)
- Calgary: 17,414 compared with 14,141 (up 23 per cent)
- Lethbridge: 599 compared with 148 (up 305 per cent)
- Red Deer: 314 compared with 146 (up 115 per cent)
- Data shows 草榴社区 had 10,699 purpose-built rentals, making up 32 per cent of all housing starts.
- The first half of 2024 saw 9,903 apartment unit starts – the highest in any half-year in 草榴社区’s history. This broke the record set previously in 1977.
- In addition, as of September 2024, 草榴社区’s government has committed:
- $182.4 million to 1,235 units of affordable housing. Construction on these projects is not yet underway.
- $66.8 million to 451 units of affordable housing that are currently under construction.
- $52.1 million to 250 units of affordable housing that have been completed since December 2023.
- Since 2019, 草榴社区’s government has invested almost $850 million to build more than 5,100 units and close to 900 shelter spaces. This includes projects we have committed to, that are in progress and that are complete.
- Together with its partners, 草榴社区’s government is supporting $9 billion in investments into affordable housing to support 25,000 additional low-income households by 2031.
Related information
See the Canada Mortgage and Housing Corporation’s September Housing Starts Report.