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. l) v( O% h! f& }0 q" uEDMONTON JOURNAL MAY 8, 2013. `7 h8 n& @3 \5 G- ?9 C D7 U$ H$ n
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.) H Z; `0 r+ J9 @" a
Photograph by: John Lucas, file , Edmonton Journal q! b8 I6 J' B; b3 s$ d" 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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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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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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+ l) Q6 N2 N* ^3 ~9 m/ Y& 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.”6 C; K: K# A5 N. h
* T/ F- i* i8 T4 g4 S. FIn 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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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.4 Y* H+ ]2 W9 s* e* O
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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." }+ R6 K( x7 r a
2 S( P) c5 g6 D4 t% x2 A( `, s4 ^“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.) h; L& n' e N" X* ~
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