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Housing starts continue at sluggish pace

The pace of new housing starts showed slight improvement last month, but numbers are still more than a third behind where they were at this point in 2017. The Canada Mortgage and Housing Corporation says construction started on 16 new homes in Grande Prairie in May, including 12 single family homes and four multi-unit buildings.

That’s down 30 per cent from May 2017, and brings the year-to-date total to 40 starts. After five months last year, there had been 62.

Grande Prairie also continues to have the slowest new home construction of any major city in Alberta. The next lowest is the similarly-sized City of Medicine Hat, which has seen work start on 49 new homes so far in 2018.

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