EDMONTON — According to the Alberta government, year-end data from the ϳԹ Mortgage and Housing Corporation (CMHC) shows strong success in increasing the supply of homes, with the province leading the country in housing starts per capita in 2024.
Last year Alberta saw 46,632 new homes under construction, breaking historic records, explains a release. The first half of 2024 saw 9,903 apartment unit starts – the highest in any half-year in Alberta’s history, breaking the record set in 1977.
Here’s a breakdown of starts for 2024 compared to 2023:
- Provincewide: 46,632 compared with 35,223 (up 32 per cent)
- Edmonton: 18,384 compared with 13,184 (up 39 per cent)
- Calgary: 24,396 compared with 19,579 (up 24 per cent)
- Lethbridge: 715 compared with 243 (up 194 per cent)
- Red Deer: 354 compared with 189 (up 84 per cent)
The government states it will continue to support builders, as it did in 2024, by “cutting red tape, incentivizing housing construction and supporting innovative strategies that speed up the home building process,” the release reads. “Over the past year, some of the province’s work on this has included launching the Stop Housing Delays online portal, making provincial land available for housing, exempting designated affordable housing from property taxes, supporting home ownership through alternative financing options and taking action to ensure Alberta receives its fair share of federal funding for housing and that the funding meets provincial priorities.”
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