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! \# \% g1 j1 F. z' z1 ^* C$ REDMONTON JOURNAL MAY 8, 2013
, U+ |4 }+ t& |! i6 G iHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.+ L4 G. w- C1 ~# d" z
Photograph by: John Lucas, file , Edmonton Journal
" v* e, y$ m6 Q* ^1 ^. {; k HEDMONTON - 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.( z3 X$ s$ }1 a j7 x' 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.- A7 s6 b: J F4 m/ ~5 ]7 j
0 F# r7 x! |0 _% C6 _4 L5 QHousing 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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* E- I5 p% j& y/ k+ C1 IIn 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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( b7 w ]3 {1 d) {7 RThe 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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( L8 @: u' \$ H0 R1 r! ~Consumers remain confident despite a moderating pace of economic growth, he said.
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+ r9 T+ M% }6 c) B. v“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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