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$ ?1 n0 C7 C; B9 z: P# ]5 v' [EDMONTON JOURNAL MAY 8, 2013
7 k; O! }* H; v3 s. g* MHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
" u5 h- G6 t( IPhotograph by: John Lucas, file , Edmonton Journal
7 s% t% g$ K' ^! L& rEDMONTON - 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.9 i) F' F. e( a" [4 {0 b. l6 q
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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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3 O# [; t/ z$ X8 C. m* i5 ]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.
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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.”
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+ Z" a; J1 ]. E, H# ?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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+ h* ?: Y& e9 L% Z& BThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.2 c) m" ]+ H- Y) B7 }
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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.; S, l+ J5 K( u9 L: `2 K8 _ T( T2 N
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Consumers remain confident despite a moderating pace of economic growth, he said.6 J" {' X4 X9 s2 w$ N: ^/ K
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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.
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