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New Construction Up 40% in Edmonton

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发表于 2007-10-12 21:39 | 显示全部楼层 |阅读模式
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APARTMENTS BOOST HOUSING STARTS IN SEPTEMBER0 a4 b6 B4 ^; E, j' J+ V* V
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Edmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a
( D" ?# H& ?8 u) Icontinued slowdown in new single-detached activity during September. According to preliminary figures released, A4 C- }' s  B( C# k( Z$ x: S
today by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census
, Y6 U( Z6 Q; N" I7 i+ j7 xMetropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units.
So far this year, total
9 I5 G2 U% U8 Ohousing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.
" x8 F5 t/ W, \9 f, N+ l- D- \% }) QFollowing a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per" g  O2 x$ s' _5 s: c2 n' N; U" y
cent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium( W- p# R) P% v5 h9 b0 f7 q: ~0 W
apartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple/ K0 r$ A( N5 M, }7 h
unit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.
3 t0 s- s6 g& C; tMulti-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard7 s# {2 x7 A% ]. J& Q
Goatcher, CMHC’s Senior Market Analyst for Edmonton.
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( E* @- S5 e- L3 `) }  ?9 J& |9 xFor the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders
7 \4 c, e4 ~4 P0 q* |8 l8 Cpoured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by8 m6 b, y- ~" B# B" i
18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.
1 e  z, @$ I2 @“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house
+ k! ?. F$ g# s5 p$ gbuilding industry is still expected to achieve the second best year on record,” added Goatcher.. v: g* T5 ]( h
Total housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,134" I. g, D1 R% s/ m  Z
units. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached
) T& Z( y; h: ]' t$ {starts. Six of the seven cities reported gains over September of last year, with only Medicine Hat. k: C$ r% v# l: e8 C# ~: k4 E
reporting a decline in total housing starts.
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发表于 2007-10-13 22:44 | 显示全部楼层
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