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8 i7 e( h5 Y e& i. F$ p1 [EDMONTON JOURNAL MAY 8, 2013# u _- b% }& \2 }' c N
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
/ R+ g0 o5 F, @& D! RPhotograph by: John Lucas, file , Edmonton Journal
0 }# C# M6 D0 n0 [2 vEDMONTON - 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.
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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.% y: [4 z0 ]) o V/ M: @9 r% {2 ^
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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.7 E; ~+ z' I; _9 ]7 H; v
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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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% V/ `/ j1 h$ g0 V9 L: `( bIn 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.+ y, z) t1 E1 a! V( T
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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.2 n8 o% m5 N1 s/ I: E0 A, D- {) L4 V
, h: ~, O8 a* q: r) G+ `# Y6 zAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.! U; L0 o9 @! x6 ^* n
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Consumers remain confident despite a moderating pace of economic growth, he said.( R* o# l1 M/ x; H0 U& k# m6 P1 x3 U
; x0 b8 |' Z) o, Q) A3 E“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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4 V3 {: h1 d+ I" C4 L2 p© Copyright (c) The Edmonton Journal |
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