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6 i+ B; t9 F$ _' tEDMONTON JOURNAL MAY 8, 2013
( j3 m8 t( a! G" e4 p8 o' i o9 fHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier., Y3 j$ q5 }$ h
Photograph by: John Lucas, file , Edmonton Journal
; i' ]( l& Q! k% d2 BEDMONTON - 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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; A0 X# m3 I# b; NBuilders 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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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.”: D0 { D% V P" G( `8 H& I. V- D
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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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6 X( T0 {/ u i: X9 P+ s& l7 uThe 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." W; d# M* s: }; g8 }
* R5 [& g- [; A! v. @+ H2 i: ~/ X tConsumers remain confident despite a moderating pace of economic growth, he said.
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- ?. Z* B0 l e8 W, `“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./ Z7 J3 O0 { H
4 r' ?/ ~/ f3 d$ \+ o© Copyright (c) The Edmonton Journal |
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