Lethbridge Alberta Home Builders are experiencing and Increase in Demand

Article Source: Lethbridge Herald - "Lethbridge home builders turned up the heat during a warm February across southern Alberta. Contractors started 66 single-family homes in Lethbridge and area during the month, three times the number launched a year earlier. Meanwhile, the number of multiple-family units started this year — 24 by the end of February — is 50 per cent ahead of the same period last year. And it wasn’t just the mild weather that’s responsible for the spike, local builders say.

“This dramatic increase is due to weather conditions and consumer confidence in the market,” says Jean Greer McCarthy, president of the Canadian Home Builders’ Association in Lethbridge. But there’s more to come, she points out. “Lethbridge is forecasted to have a solid year, with a sustainable amount of growth in our starts.”

The annual Canada Mortgage and Housing Corp. prediction for Lethbridge and area is 825 starts, and Greer McCarthy says low mortgage interest rates is one of the reasons for that many new homes." ...(Read More)