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New Construction Up 40% in Edmonton

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发表于 2007-10-12 21:39 | 显示全部楼层 |阅读模式
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APARTMENTS BOOST HOUSING STARTS IN SEPTEMBER
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Edmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a
- X2 ]) Y% r: W/ b% Scontinued slowdown in new single-detached activity during September. According to preliminary figures released) j, `* _. z  K
today by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census1 h- `) a  l" E4 b& L
Metropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units.
So far this year, total
; c3 m6 F* Z% _' z1 b2 P2 ?( {# ihousing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.9 c0 J3 Q; `0 C/ a  k
Following a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per
5 ~1 j9 o: K8 J1 q3 Ycent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium
  `8 r9 |' {. I% C3 \: Tapartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple
! C) s5 V% o7 e) }" l+ hunit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.
) I5 P: e* o/ T& c: YMulti-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard0 x! v% ?4 Y, u  V
Goatcher, CMHC’s Senior Market Analyst for Edmonton.
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For the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders$ M3 b3 s6 u. R1 O8 x9 P
poured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by, M6 E- I+ f5 Q# c! t4 j1 v# y
18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.: Q1 v! x; `5 T& Y
“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house
8 \4 ?# j0 B, D" g% ubuilding industry is still expected to achieve the second best year on record,” added Goatcher.
- R" f  d1 v5 J5 I2 w- h5 iTotal housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,134
- Z. i" B) c% k. \units. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached
* ]- d  [' e/ D/ @" p; Y8 estarts. Six of the seven cities reported gains over September of last year, with only Medicine Hat
0 ^7 c9 h1 v( u" U& C9 Ureporting a decline in total housing starts.
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发表于 2007-10-13 22:44 | 显示全部楼层
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