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EDMONTON JOURNAL MAY 8, 2013
1 _) l }6 g" A0 v; x' NHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.1 |5 ^1 r1 y1 p ?2 S! q5 Y+ |# x
Photograph by: John Lucas, file , Edmonton Journal$ Y$ Y! G7 y6 v7 {
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.6 g) E! l1 i. R9 J
9 |! c9 q' C/ b iBuilders 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.8 m& }4 _" s& Y- w+ w! A' {
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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.: C: ?; i3 n, N1 S
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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.1 R7 Q3 \- [+ x$ O3 s( |5 L
* a5 `: }5 n) u% `; _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.' ?& R' T6 R. f, ~& m6 {; r
$ x Q0 \9 c' g8 j“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.7 n% f/ s" @% _) E# @9 q# T
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