When it comes to the construction of new housing, Calgary is on fire. A recent Canada Mortgage and Housing Corp. report found on a per capita basis, in 2023, Calgary outperformed all Canadian major cities with 12.2 starts per 1,000 people. Even more impressive — in November, Calgary outperformed Vancouver on an absolute basis with 1,808 housing starts compared to 1,761 and wasn’t far behind Toronto’s 2,304 starts. Impressive given Vancouver is twice our size and Toronto four times bigger.
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