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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! p( i) r) @  B

, J9 L+ g7 B1 O8 c/ G" yEdmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a
" X( I- b3 b( {$ Econtinued slowdown in new single-detached activity during September. According to preliminary figures released
% K' U# k  _6 q, l2 d4 h4 r  |$ Z4 Xtoday by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census
1 V( A; W( q& e6 p5 v; QMetropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units.
So far this year, total
5 r7 m5 c6 p) Y: p$ Q9 rhousing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.+ p/ J* _( N6 u; y. S* p
Following a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per7 w  x, ]' A# o* t$ u% n5 v
cent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium
8 T) c. ~* a* @% Bapartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple
/ G* {/ q0 s& ]& V4 ^unit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.& f$ M! D9 r+ x1 V0 c6 g. Z
Multi-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard
# R( |+ n. l6 T" e3 fGoatcher, CMHC’s Senior Market Analyst for Edmonton.

4 V0 u6 J- V6 s5 C/ h9 {4 g- r- q
' h/ Z% v( f' b8 OFor the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders
$ m+ N+ g1 b3 a0 H+ u9 Lpoured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by7 t. t& P' o3 l
18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.. C  F* E! y) _1 T+ o7 ?
“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house
& V0 a  E( k. v" z& l2 `! l2 xbuilding industry is still expected to achieve the second best year on record,” added Goatcher.
9 t) t9 R6 ]/ Y  s" l5 D8 @' pTotal housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,134
6 l# h: d! m1 c! B: ?units. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached, v. z( _6 c+ j. L+ ?
starts. Six of the seven cities reported gains over September of last year, with only Medicine Hat/ o; W0 S  F. d5 {+ ?1 @: F
reporting 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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