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Row housing starts hit 20-year high

Posted by Arshad Rashed on Monday, November 22nd, 2010 at 9:44am.

Mutli-family home starts in the Calgary CMA in October made up 56% of all starts, led by the highest monthly total of row housing starts in 20½ years.

Construction started on 438 multi-family homes last month, compared to 230 starts last October, continuing a 10-monthstreak of monthly year-over-year increases and it’s fair to say builders had their starts in a row last month.“A majority of the multi-family starts can be attributed to row housing, as the 250 row housing units started in October represent the highest number of row starts for any month since May 1990,” says Richard Cho, CMHC senior market analyst for Calgary

Coventry Hills is a community of Calgary, Alberta. We specialize in Coventry Hills Real Estate . If you have any questions about the Coventry Hills real estate market, or Calgary Real Estate market, Coventry Hills homes for sale, or would like a free market evaluation of your home. Call the Jeff Campbell Team now 403-816-4449 or visit your Coventry Hills Real Estate experts!

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