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EDMONTON JOURNAL MAY 8, 2013
6 g$ O5 l& ]; v- I& C# z7 ?Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.; j8 R" D1 \0 a/ [" H l
Photograph by: John Lucas, file , Edmonton Journal1 K2 ?( Q& O* }9 q: O: U
EDMONTON - 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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1 X( k- {+ I7 |8 f2 `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.. g; E4 d0 @$ D5 g5 c; E% N( T- n
; `3 d( v7 n3 p/ UHousing 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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5 z7 p+ Q; J8 ]# x% v“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.”3 j2 }$ N7 U+ F
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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., ^6 {4 L8 [$ ?' H; H# [
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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.
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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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, w! N1 ]6 f! ^/ v- Z" {5 c& ?Consumers remain confident despite a moderating pace of economic growth, he said.3 B3 [& ]. n2 ~7 y# g. Q. ]
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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.3 X, {; F9 i, h
9 }* I% t$ j3 S, C4 |8 {© Copyright (c) The Edmonton Journal |
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