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Housing starts still up despite slight dip in May

Despite a bit of a slow down last month, housing starts in Grande Prairie are still almost doubling last year’s pace. Construction started on 10 new homes last month, all of which were for single families. Last year there were 16 in total, including 4 multi-family homes.

That brings the year-to-date numbers to 126, up from 65 in 2015. Although last month didn’t see work get underway on any multiple family properties, they are largely driving growth in the city. There were 91 starts in the first five months of the year, when there were only 24 the year before.

Housing starts across Canada slowed last month, also led by fewer multiples. They’re now on pace to reach 191,000 nationally for 2016. Edmonton saw a drop in starts last month as well, largely thanks to less multi-family homes. Actual numbers dropped by 33 per cent year-over-year in that city.

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