How have new-construction starts changed year-over-year?
Quick Answer
Short answer: Housing starts fell 9% in 2024 but rebounded 4% YTD 2025 on multi-family strength.
Detailed Explanation
Canada Mortgage and Housing Corporation recorded 11,842 Edmonton CMA starts in 2024 (down from 13,030 in 2023). The pullback hit single-family hardest (-13%), but 2025 YTD shows a 12% jump in apartment starts tied to strong rental demand.
- Q2 2025 single-family permits: +3% YoY
- Builders cite labour shortages easing vs 2023
- Inventory of unsold new homes: 6.1 months—balanced
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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