Lethbridge housing starts increase nearly 200% in 2024 – Lethbridge [Video]

After a decade low in 2023, Lethbridge, Alta., rebounded last year to sit among the highest home building centres in Canada.

Even so, Lethbridge is short of houses, but last year saw a nearly 200-per cent increase in new housing starts.

It’s a positive trend some expect will continue into 2025.

“We are seeing population growth. Our inventory still remains low, despite having higher starts in 2024. So, we’re going to have to increase that inventory level. I think there’s confidence in the market, the interest rates are coming down. I think there’s a number of different factors that indicate to us that it’s going to be on par, at least, with last year,” said Bridget Mearns, executive officer at BILD Lethbridge.

She says this positivity can be celebrated, though it needs to be understood in its full context.

“If you’re doing a comparison to 2023, it’s going to look massive. But that’s …