CMHC Housing Starts and Completions Report: April 2024
Record Starts and Completions are strong indicators of BILDCR Membership’s ability to mobilize and deliver on demand.
CALGARY, AB — On May 15, 2024, Canada Mortgage and Housing Corporation (CMHC) released Canada’s April 2024 Housing and Completions data. The April year-to-date data for Calgary shows a 47% overall increase in housing starts and a 131% rise in completions.
“The latest CMHC Housing Starts and Completions data for April highlights our members’ continued dedication and adaptability,” said Brian Hahn, CEO of BILDCR. “Despite prevailing challenges, our members have consistently demonstrated innovation in providing diverse housing options to Calgarians and the region’s newcomers. As we continue into the warmer months, we forecast that the industry will continue to deliver starts and completions at a record pace.”
BILDCR advocates for affordability, innovation, and choice for all individuals looking to make the Calgary region their home. All BILDCR members leverage all available resources to meet market demand across the entire housing spectrum. The record number of housing starts in 2023, and the continuation of this pace in 2024 highlights BILDCR members’ commitment to achieving every reasonable measure available to alleviate the current pressures on rental and homeownership prices in the Calgary region.
BILD Calgary Region is the trusted voice of the building and land development industry that represents about 600 organizations including builders, developers, professional renovators, suppliers, skilled trades, and consultant members. For more information on BILD Calgary Region visit BILDCR.com
