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0 |1 N) e4 |9 J7 nEDMONTON JOURNAL MAY 8, 2013
- d7 t3 [8 p9 V% B9 W! kHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
% S5 c- S2 x4 N/ q" [, WPhotograph by: John Lucas, file , Edmonton Journal
( f; X7 c; c5 P" d/ EEDMONTON - 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.. {' ~7 e# L0 h$ x% n
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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.
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9 e% z5 K6 a4 u+ nHousing 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.3 s& v. J+ W: Z2 d2 s) h. L
`! M% t3 `; l4 L! p1 b, H4 g ?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., k. A9 F" T8 I5 S
$ c+ c+ r/ n ~Consumers remain confident despite a moderating pace of economic growth, he said.
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3 [- r" M7 J1 `' G' g' ^' T% L“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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1 w" f0 h7 O* E/ n- Z3 K© Copyright (c) The Edmonton Journal |
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