Edmonton’s housing market is booming, with new homes being built at a record-breaking pace. The latest data from the Canada Mortgage and Housing Corp. (CMHC) reveals over 10,000 new housing starts from January to July 2024, with all housing types seeing a surge in demand.

Single-family detached homes are leading the way, with starts up 67% compared to last year, while semi-detached homes and townhomes have also experienced strong growth. Apartment construction has seen a 71% increase, driven mainly by rental properties, which are up by 75%. Even the often-overlooked condominium market is bouncing back, with a 42% rise in new builds as more buyers turn to affordable options.

New zoning laws have further fueled development, allowing builders to…

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