More existing single-family homes have been sold in Calgary than Edmonton so far this year. However, more brand new homes have been put in the hands of buyers in Edmonton than in Calgary.
We may be in the same province, reliant on the same type of economy. But just like our sports teams, there seems to be a different response when it comes to resale home activity versus new construction this year.
The new construction segment in Calgary is behind Edmonton by 1,518 new starts. Between January 1 and October 31 of this year, there were 3,497 new single-family homes built or under construction. According to Canada Mortgage and Housing (CMHC) that’s 36% less than 2014. Edmonton has also experienced a drop over the previous year, but the dip is…
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