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EDMONTON JOURNAL MAY 8, 2013: \+ ? `, i C3 {8 e0 p9 j! h
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
; t2 G, v. a3 s# gPhotograph by: John Lucas, file , Edmonton Journal
( l& [+ [1 a- @9 u% wEDMONTON - 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.# q' Q, B& r. t5 [; \7 ~* b
! ^1 V6 K3 X- b5 rBuilders 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.. K" a% J$ s( b& M
- d# v1 M: V! H3 q( d8 F6 yHousing 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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0 o# B1 A, i/ e9 ^8 H“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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, J$ q# |0 A+ D! sIn 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.+ @' N% w/ H( m5 i9 V7 ?7 e
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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." r0 `4 |+ v0 q8 Q7 @, e
4 Q& k/ p8 M2 aAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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- l) G. ^8 `5 vConsumers 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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