CMHC Housing Starts and Completions Report: February 2024
Starts and Completions serve as strong indicators for BILDCR Membership’s ability to mobilize and deliver on demand.
CALGARY, AB – On March 15, 2024, Canada Mortgage and Housing Corporation (CMHC) released the February 2024 Housing and Completions data for Canada. The February year-to-date data for Calgary shows a 35% per cent overall increase in housing starts and a 54 per cent rise in completions.
“The latest CMHC Housing and Completions data for February underscores the remarkable dedication and adaptability of our members,” said Brian Hahn, CEO of BILDCR. “Despite prevailing challenges, our members have consistently demonstrated innovation in providing diverse housing options to both Calgarians and newcomers to the region. Favorable weather conditions have also played a role, enabling our members to navigate through the initial months of 2024 with fewer disruptions.”
BILDCR is dedicated to advocating for affordability, innovation, and choice for all individuals looking to make the Calgary region their home. All BILDCR members are leveraging 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 both rental and homeownership prices in the Calgary region.
BILD Calgary Region is the trusted voice of the building and land development industry that represents over 600 organizations including builders, developers, professional renovators, suppliers, skilled trades, and consultant members. For more information on BILD Calgary Region visit BILDCR.com
MEDIA INQUIRIES
Matt Achtymichuk
Senior Communications Advisor
e: Matthew.Achtymichuk@bildcr.com
BILD Calgary Region
