Home construction up 40% in Edmonton region自己看吧

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Jobs, newcomers and stronger house prices are behind a surge in housing construction in the Edmonton region.

% _' n7 G; |/ C) ]Housing starts in the Edmonton metropolitan area jumped 40 per cent last month over July 2011, according to preliminary figures released Thursday by Canada Mortgage and Housing Corporation.

: _$ X3 _& O2 [9 bThis July, 1,435 units were under construction compared to 1,034 units in July 2011.
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So far this year, housing starts totalled 6,903 units in the Edmonton metropolitan area, up from 5,085 units recorded in the first seven months of 2011.
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9 }4 Y& \! K0 k+ [“Housing starts in Edmonton continue to be supported by employment growth and net migration," said David Lan, CMHC’s Senior Market Analyst for Edmonton, in a press release. "A strengthening resale market also contributed to the higher level of housing starts in July.”

The capital region saw the construction of single-detached houses rise 20 per cent in July to 582 homes from a year earlier.

7 V) A' G5 N) I* R7 w) }Within the City of Edmonton, 341 houses were started, compared to 289 units in July 2011.

) v" |3 Q8 M  o5 nSo far this year, 3,177 single-detached homes began construction in the region, 17 per cent over the same period last year.

Multi-family starts, consisting of semi-detached units, row houses, and apartments, totalled 853 units in July, compared to 555 units a year earlier. Most — 89 per cent — were built in the City of Edmonton.
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6 |# r/ a! x9 v6 b& h' e! E5 u7 a5 _Multi-family housing starts in the Edmonton region so far this year reached 3,726 units, compared to 2,380 units started in 2011.
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