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EDMONTON JOURNAL MAY 8, 20131 `1 c1 [+ A6 j( p, S, x( x
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.' j' o5 k' \0 f; I0 K k
Photograph by: John Lucas, file , Edmonton Journal
# a e( U: {3 ~: f: R2 G. ?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 @& v* [' N4 Y5 j" ^/ l
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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.& \& v1 o* ^( v9 f2 z4 t- I+ R
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“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.”! u+ j( @- ]* r9 P. S
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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. Q C; Y, s5 U4 e( e$ Y c
, s' \/ M4 B# M7 U% b1 a9 }4 j) ] }The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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n6 q' A: d+ QAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.! r! P$ \2 n4 Y) N# B
% @( Q5 Z" i* a8 f. C9 b$ qConsumers remain confident despite a moderating pace of economic growth, he said.
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' \# ^3 V8 p a; o9 d4 ?“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.7 S; e$ \1 B h* C
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