 鲜花( 98)  鸡蛋( 0)
|
APARTMENTS BOOST HOUSING STARTS IN SEPTEMBER
. i1 G5 `7 k& q; i
5 s M" ?3 u$ t1 T1 h# h% U' xEdmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a
' ] [# m8 N% W4 C/ r3 ]9 mcontinued slowdown in new single-detached activity during September. According to preliminary figures released
; a' T" y( a. F# g; |today by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census9 }/ U9 V) k6 g, H
Metropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units. So far this year, total- l5 }' |1 Q/ o) J8 d; X9 B5 r. j# @9 F
housing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.
5 | V* @0 c( n8 N% SFollowing a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per. q5 T+ z- R/ Q# S ^" u4 V
cent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium. S$ A+ J& d* Y. m9 T* ~4 j$ I2 d
apartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple
! ^1 f; a1 T l5 a4 c+ Sunit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.
# v# j$ `7 B9 e0 C: @“Multi-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard; x% y2 l1 c- h' ~
Goatcher, CMHC’s Senior Market Analyst for Edmonton.
5 [7 Q: b2 j/ C* ?1 ~3 R
( a* X) p+ ]8 F% P$ B& ^# _For the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders
0 a" j& P- r3 i% \- S$ q& Ppoured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by. N' Q4 j& }% v/ a' I
18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.
; p- b3 @2 U$ X4 d# B7 k“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house+ w3 w: C: J( H- |4 {! G
building industry is still expected to achieve the second best year on record,” added Goatcher.! _' V4 N. p+ Y- J. @
Total housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,134
V" m1 o9 B( munits. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached" m) {+ r5 o6 B# I
starts. Six of the seven cities reported gains over September of last year, with only Medicine Hat
1 m. z$ }2 \0 c* ~6 [reporting a decline in total housing starts. |
|