Grande Prairie new housing off to slowest start in Alberta
For the second year in a row, Grande Prairie has seen the slowest lead to housing starts in the province. Construction began on just one new home in the city in January 2018, following three in January 2017, which included two multi-unit homes. The previous year saw 85 overall.
The stat follows the news that Grande Prairie saw its second lowest level of housing starts in a decade last year. The Canada Mortgage and Housing Corporation recorded construction of a total of 194 new homes getting underway. The year before was the only year with less, at 167.
At the time, CMHC noted there was low demand for multi-family homes, due to high vacancy rate at the end of 2016. The resale market also improved in that time.