Lethbridge-Area Home Building Drops Year-Over-Year

A total of 560 homes broke ground in the Lethbridge Census Metropolitan Area in 2018, down from 769 the year before.

New home construction in the Lethbridge region experiencing an overall decline in 2018 from the previous year.

Canada Mortgage and Housing Corporation says ground broke on 560 homes in the Lethbridge Census Metropolitan Area (CMA) last year, down from 769 compared with 2017.

The reason for the year-over-year drop in home building was mainly due to a backlog of unsold inventory with local builders. Housing starts in December were also off in the Lethbridge CMA.

Despite the decrease, Lethbridge still led the way in new home construction among mid-sized Alberta cities.

Statistics compiled are from home building in the Lethbridge region which includes the City, Coaldale, Coalhurst, Nobleford, Lethbridge County, and Picture Butte.

More from Lethbridge News

Recently Played