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Housing starts in Lloydminster slump

The Canadian Mortgage and Housing Corporation (CMHC) has come out with their last quarterly report on housing starts in Alberta for 2016, and both sides of Lloydminster have seen a significant drop.

According to the data, the total housing starts for the same period in 2015 were 36 on the Alberta side, with nine on the Saskatchewan side, for a total of 45. In 2016, the starts dropped to 15 on the Alberta side, and six on the Saskatchewan side, for a total of 21.

This is largely in line with other areas in the survey, which although a few saw increases, mostly faced decreases as well. Across the province of Alberta, a total of 387 starts were recorded in 2016, compared to 527 the year before, in the same quarter.

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