FOR IMMEDIATE RELEASE Edmonton housing starts open 2010 on

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					FOR IMMEDIATE RELEASE

                          Edmonton housing starts open 2010 on a strong note

Edmonton, February 8, 2010 – New housing activity in Edmonton began 2010 on a firm footing thanks
to continued strength in single-detached starts. According to preliminary figures released today by Canada
Mortgage and Housing Corporation (CMHC), housing starts in the Edmonton Census Metropolitan Area
(CMA) totalled 577 units in January compared with 413 units in January 2009. This represented the
seventh consecutive month of year-over-year increases in new housing activity across Metro.

Single-detached starts in the Capital region amounted to 397 units in January, up considerably from the 147
units reported during the first month of 2009. This represented the eight month in a row that the region’s
builders have started more units than a year prior. “CMHC anticipates continued strength in new single-
detached production in the coming months as the local economic conditions improve,” noted Richard
Goatcher, CMHC’s Senior Market Analyst based in Edmonton.

Following two months of improvement, multiple dwelling starts decreased on year-over-year basis in
January. Semi-detached, row, and apartment starts totalled 180 units last month, representing a decline of 32
per cent from the 266 units recorded in January 2009. Improved activity in semi-detached and townhouse
(row) construction was countered by a lower number of apartment starts. “Despite January’s decline,
CMHC looks for gradual improvements in multiple starts this year, compared with 2009 levels, as new unit
inventories head lower and rental apartment vacancies also subside,” added Goatcher.

Housing starts in Alberta’s seven largest centres totalled 1,271 units in January, up 52 per cent from the first
month of 2009. Increased activity in Calgary, Edmonton, Grande Prairie and Red Deer offset year-over-year
reductions in Wood Buffalo, Lethbridge, and Medicine Hat.

As Canada's national housing agency, CMHC draws on more than 60 years of experience to help Canadians
access a variety of quality, environmentally sustainable and affordable homes. CMHC also provides reliable,
impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers
and the housing industry in making vital decisions. For more information, visit www.cmhc.ca or call
1-800-668-2642.

CMHC Market Analysis standard reports are also available free for download at
http://www.cmhc.ca/housingmarketinformation.

                                                         -30-

For further information, please contact:
Richard Goatcher, Senior Market Analyst
Phone: (780) 423-8729
e-mail: rgoatche@cmhc.ca
Canada Mortgage and Housing Corporation, Edmonton Office
                                                   Preliminary Housing Starts in Alberta
                                                                 January 2010

                                        Single-Detached                    Multiple-Family                    Total
                                      2010      2009               %    2010       2009         %     2010      2009      %
Calgary CMA                             413             204        --     101         39         --    514       243      --
          Calgary City                  313             138        --      90         37         --    403       175      --
Edmonton CMA                            397             147        --     180        266     -32.3     577       413   39.7
       Edmonton City                    233              86        --     152        172     -11.6     385       258   49.2
Wood Buffalo CA                          26             35      -25.7      29         38     -23.7       55       73   -24.7
Grande Prairie CA                        17             12       41.7       0          0         --      17       12    41.7
Lethbridge CA                            28             44      -36.4      16         12      33.3       44       56   -21.4
Medicine Hat CA                          11             14      -21.4       4          8     -50.0       15       22   -31.8
Red Deer CA                              22             17       29.4      27          0         --      49       17      --
Total*                                  914            473      93.2      357        363      -1.7    1,271      836   52.0
Source: Market Analysis Centre, C.M.H.C.
-- % change equals or exceeds +/- 100%
*Total consists of Calgary CMA, Edmonton CMA and the five CAs