Alberta Likely to See Increase in Housing Starts in 2012

Alberta Gay Real EstateAlberta will be the exception to an otherwise overall national decline in housing starts next year, according to a forecast out this week.

The 2011 Housing Forecast, released Tuesday by Altus Group, predicts Alberta’s housing starts will increase by 11.7%, coming on the heels of a 8.1% decline this year compared to 2010.

The reason is a growing economy that is quickly adding jobs, leading to population growth. Most other provinces will see a double-digit drop in starts, with only Manitoba seeing a more moderate drop of 5.3% next year.

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