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# s# E1 w5 s7 B. t/ yEDMONTON JOURNAL MAY 8, 2013+ h) ^0 G% u& D5 p( l% u
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.$ v% ^ G& s0 o7 I, z5 X. P1 ? P
Photograph by: John Lucas, file , Edmonton Journal- B# f7 A, O! Z) S) I6 s+ O. z
EDMONTON - Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier, Canada Mortgage and Housing Corp. said Wednesday.6 {* F' V2 d3 }$ V4 _* T
: f4 ~' r0 u: J5 ]Builders started 560 single-detached homes, up from 493 units in April 2012. The multi-family sector grew to 943 units, up from 474 a year earlier.
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Housing starts in the region were trending at 14,424 units in April, compared to 13,738 in March. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of total housing starts.7 o" M1 b6 g/ Q$ ?$ _7 Z" ]4 s
* H$ I- {$ v m4 c“The trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said David Lan, CMHC senior market analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts.”
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In Calgary, both single- and multi-family starts declined in April to 1,067 from 1,711 in April 2013. Calgary’s single-detached starts in April were 545 units, down from 560 in April 2012. The multi-family sector decreased to 522 units from 1,151 last year.
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~7 z& p6 z" {+ w0 D) KThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.5 I; b9 \9 n' b ]' J7 C
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.8 G1 X# w* Q4 A3 [2 T& A% V W2 K! ^
& _ Q2 D: W$ |/ ]0 L# M- QConsumers remain confident despite a moderating pace of economic growth, he said., M' s# c+ F* s5 g2 O# |+ \1 {
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“Many Albertans — thousands of which are newly arrived job-seekers from other provinces or countries — are expressing their optimism by purchasing a new home,” Hirsch said. a* {: o9 C* n7 [
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