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EDMONTON JOURNAL MAY 8, 20133 f0 O: v7 {' q& E, h+ B
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.2 l. X- t) b' Z2 B# S+ l
Photograph by: John Lucas, file , Edmonton Journal3 `$ y4 G) T: R% \0 g+ g% [ F) l6 N
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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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.& q3 O% @! v, k
0 ^, x! M8 M7 B: D. Y2 `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.”
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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., v+ t& V4 W5 Z4 g9 A
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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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Consumers remain confident despite a moderating pace of economic growth, he said./ z' R, g [1 Z1 B
& v8 n4 S( q- ]& [“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./ N" j8 _' y' U F% Y1 y
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