ATB Economics | August 13, 2020

Home building activity in Alberta picked up in July, but remains relatively low.

The number of seasonally adjusted housing starts in June fell to their lowest level since October 1991, but rebounded by 52 per cent in July.

Unfortunately, starts in the province were still down by 22 per cent compared to July 2019 and by 12 per cent over the first seven months of 2020 versus the same period last year.

The situation is markedly different in central Canada.

Despite falling to zero in April in the face of public health measures,…