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EDMONTON JOURNAL MAY 8, 2013
; o% R- ]4 h' k5 t8 EHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
: ?" _/ F7 C: i8 XPhotograph by: John Lucas, file , Edmonton Journal
0 @* E$ X' p5 P; A6 H3 r3 u/ AEDMONTON - 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.& `0 f$ a# E$ x
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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.0 O2 R' _) b; `0 P# ]( H
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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." `. L- ?3 \6 g6 D, ?, r+ L+ W
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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.”9 c& I+ L* n* Q' y7 _, u% J
$ o/ @: c1 _ o2 ]3 @4 I5 e) YIn 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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( {2 h0 U. N* p. N; i( ^The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.+ L" N6 d( e* |: ]9 t! W/ e$ n
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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.
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S/ M& C+ g. rConsumers remain confident despite a moderating pace of economic growth, he said. V" [5 J! K: f5 h1 a1 ?
5 _ h4 G/ i( J0 H6 u% A+ Q$ x“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.
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