Strong Start to 2018 for Lethbridge Area Homebuilders

Ground broke on 40 homes in the Lethbridge area last month, up from 20 during the same period in 2017.

A good start to 2018 for Lethbridge homebuilders. Canada Mortgage and Housing released its new home construction numbers for January. Ground broke on 40 homes in the Lethbridge area last month, up from 20 during the same period in 2017. However, CMHC says despite the year-over-year increase in Lethbridge, declining employment in this region through 2017 has reduced demand for housing and that has impacted the pace of new home construction. Lethbridge home building numbers take into account data from not only the city but Coaldale, Picture Butte, Coalhurst, Barons, Nobleford and Lethbridge County. -Pat Siedlecki

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