2.42 Homes for Every 100 People Being Built in Calgary

The Calgary region is one of the nation’s leaders when it comes to new home construction.

A report by BuzzBuzzHome, which researches new residential developments, said the Calgary census metropolitan area has by far the most construction relative to its size.

The region has 2.42 homes per 100 people under construction - the best rate in the country. The next highest is the Edmonton CMA at 1.56.

Calgary had the third highest number of homes under construction in the second quarter at 29,438 behind the Montreal CMA at 30,238 and the Toronto CMA at 81,061.

The increase in population is driving demand for housing. Low inventory on the resale market is also placing more demand for new home construction.

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