The inner-city area of Calgary is proving to be a hot market for the construction of new single-family homes this year.
According to data by Canada Mortgage and Housing Corp., year-to-date until the end of June, there were 204 single-detached starts in the city’s ‘centre’ zone this year, which has increased by 35.1 per cent compared with a year ago.
Since 1999, the highest ever yearly total for starts for single-family homes was in 2006 at 339 units. Last year, builders started 287 single detached homes in the inner-city area.
The attraction to inner-city building is quite simple. Location.