Some interesting information about the new housing market.

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CALGARY – New investment in Alberta housing construction ballooned in April compared with a year ago.

According to Statistics Canada data, investment totalled $698.9 million in the province during that month, up significantly from $431.8 million in April 2009.

In the single home sector, investment jumped from $304.7 million a year ago to $588.8 million this year.

According to Statistics Canada, total investment in housing construction across the country was almost $3.3 billion in April which was up from $2.7 billion a year ago.

In the single home category, total investment on a year-over-year basis increased from $1.4 billion to $2.2 billion in April.

Recently, housing experts said the pace of residential construction in the Calgary region would start to slow down in the second half of this year with higher mortgage rates, tighter lending rules and more resale homes on the market putting a damper on housing starts.

That trend was evident in May as housing starts dropped from April but were still up from year-ago levels.

Total housing starts reached 862 units in May, up 79.6 per cent from 480 units in the previous year. However, there were 909 housing starts in April.