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! F/ [/ g) T' b% }0 T: }$ `' F: v( TEDMONTON JOURNAL MAY 8, 20131 F- f& A2 j1 d. H2 M! O
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
5 D# j" |8 J' Y3 s! qPhotograph by: John Lucas, file , Edmonton Journal
1 I* |( h" S5 i0 |4 SEDMONTON - 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.5 [# O# r& d0 [6 n' M, W- Y3 g
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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 b4 `* C' ~. A9 U& X- p: q& f
y( z- K' X# i, P* T% EHousing 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.2 L, K9 P( S$ a4 T. U
/ {9 {, U; d* O“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.”8 Q$ }) O5 _* L4 T+ Q T; ^
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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.; _ w W' k2 V) u* F% L) H6 Q
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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.0 a8 B# x! U- i
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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.* R2 E! h+ E6 C. u
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Consumers remain confident despite a moderating pace of economic growth, he said.
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( K8 \' h& J2 a9 [; s. y“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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