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EDMONTON JOURNAL MAY 8, 2013
: r- u0 D0 ]6 V3 pHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.- A: V0 K- e+ {0 B. N# v/ D
Photograph by: John Lucas, file , Edmonton Journal
3 w6 O1 i6 D8 [8 l+ j+ ^ xEDMONTON - 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. t, G. w/ Y" i$ [
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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.' U$ o- \3 V ]! N7 v
; ] {- E7 [1 m% ^- r4 c' E1 PHousing 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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- @6 N( M: ?% K R. T3 T/ e" W2 DIn 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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& P J0 s( ]4 TThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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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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! d% m* b1 s; d1 z" M& iConsumers remain confident despite a moderating pace of economic growth, he said.
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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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