August new home starts fall one-third year over year in Alberta

In Calgary, total starts for the month were 736, down from 1,051 in August last year.

August new home starts fall one-third year over year in Alberta

Total starts in the CMA this year to date are 5,426 homes, compared to 6,442 starts to the end of August 2019. Last month’s figure puts builders on trend to start 8,344 homes in 2020, the lowest since the great recession of 2008/2009.

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Fall House Hunt: Four reasons to consider a 20-year mortgage

The second most common fixed-rate loan term is 15 years, but many lenders also offer loan terms of 10 or 20 years.

Fall House Hunt: Four reasons to consider a 20-year mortgage

The 30-year fixed-rate home mortgage dominates the housing market, particularly for first-time buyers who appreciate the ability to extend their home loan payments for the longest possible term.

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