The province continues to build the homes Albertans need. Monthly data from the Canada Mortgage and Housing Corporation (CMHC) shows that Alberta continues to be on track to set a historic record this year. January to August has seen almost 30,000 new homes under construction, a 44 per cent increase over last year.  

Alberta’s government recognizes the need for more homes as the population continues to grow. That’s why the province has been working to reduce barriers and support its housing partners to get more shovels in the ground.

“I’m excited to see that we continue to increase our housing supply and build the homes Albertans need, at a record pace. We know these homes are needed and we know they are needed now. These numbers show that our province is leading the country, and we will continue to support our partners to make sure we go from permits issued to shovels in the ground, and have more homes ready for Albertans as quickly as possible.”  

Alberta’s government continues to support builders and encourage new residential housing construction by reducing red tape, incentivizing housing construction and supporting innovative strategies to build homes faster than ever.

“August 2024 marked a significant milestone for housing starts in Alberta. With a provincewide year-to-date increase of 44 percent and strong growth in rental construction, Alberta continues to be on pace for one of the most productive years on record. Continued collaborative efforts between industry and all levels of government will be essential to addressing the rising demand for diverse, attainable housing options for all Albertans.”

Quick facts

• Housing starts for January– August 2024 compared with January - August 2023
  • Provincewide: 29,902 compared with 20,801 (up 44 per cent)
  • Edmonton: 11,924 compared with 8,015 (up 49 per cent)
  • Calgary: 15,324 compared with 11,407 (up 34 per cent)
• In addition, as of June 30, 2024, Alberta’s government has committed:
  • $182.4 million to 1,235 units of affordable housing. Construction on these projects is not yet underway.
  • $66.8 million to 451 units of affordable housing that are currently under construction.
  • $52.1 million to 250 units of affordable housing that have been completed since December 2023.
• Since 2019, Alberta’s government has invested almost $850 million to build more than 5,100 units and close to 900 shelter spaces. This includes projects we have committed to, that are in progress, and that are complete.  
• Together with its partners, Alberta’s government is supporting $9 billion in investments into affordable housing to support 25,000 additional low-income households by 2031.

Related information

• See the Canada Mortgage and Housing Corporation’s August Housing Starts Report.