October 16, 2024
September data confirms that Edmonton has surpassed 2023 figures for housing starts and residential building permits, and is on track to beat the all-time record set in 2015.
Through the first nine months of 2024, housing starts are up more than 48 per cent and the number of residential units with approved building permits is up 62 per cent over the same period in 2023.
“Edmonton is exceeding expectations when it comes to new housing construction per capita,” said Kim Petrin, Deputy City Manager, Urban Planning and Economy. “With just over 2.5 per cent of the national population, we account for six per cent of housing starts in Canada so far in 2024. This is in large part to our building and development industry partners and City staff, who are working hard to keep up with growing demand.”
Edmonton is also seeing a significant shift in the variety of housing types. Apartments, row houses, mixed-use houses, secondary suites and backyard houses account for 68 per cent of the City’s total permitted residential units in 2024. This is up approximately 21 per cent compared to a decade ago.
“To meet the growing demand for housing, we need to increase not only the supply, but also the diversity of options. That’s why it’s exciting to see more secondary suites and backyard homes, which account for 24 per cent of residential building permits issued through the first nine months of the year,” said Christel Kjenner, Director of the Housing Action Team. “This type of housing has many benefits, from rental income to intergenerational living, and provides homeowners and renters more choice.”
Key Facts
Housing starts, City of Edmonton
- September 2024: 1,116
- January to September 2024: 10,004
- 2023 Total: 9,665
- Record Total (2015): 13,311
- (Source: CMHC)
Net Residential Units With Approved Building Permits, City of Edmonton
- September 2024: 1,002
- January to September 2024: 10,799
- 2023 Total: 9,880
- Record Total (2015): 12,871
- (Source: City of Edmonton)
Net Residential Units With Approved Building Permits by Dwelling Type
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