Alberta cities power rise in Canadian housing starts as others face slowdown [Financial Post (Toronto, Ontario, Canada)]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. Alberta has been a bright spot in Canada's housing market as construction activity surged in Calgary and Edmonton in the first half of 2024 while other major cities faced a slowdown. The Alberta boom, driven by a combination of factors including better home affordability and a strong economy, contributed to a four per cent rise in total housing starts across Canada's six largest census metropolitan areas (CMAs) in the first half of the year, according to Canada Mortgage and Housing Corporation 's (CMHC) latest H ousing Supply Report (HSR). A total of 68,639 units were started in the six CMAs during that time. Drawing on data from the CMHC's Starts and Completions Survey, the report indicates that, despite the growth seen in Alberta, overall construction levels — when adjusted for population size — remained closer to historical averages, raising concerns about whether supply can keep
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CBT
Earnings
- 8/5/24 - Beat
CBT
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- CBT's page on the SEC website