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( c# c s. ?8 y& T* h/ OEDMONTON JOURNAL MAY 8, 20131 ~( P5 m7 C; M
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
$ J" _0 z/ f2 O2 z5 d7 WPhotograph by: John Lucas, file , Edmonton Journal, Y- K& f" f. u! F$ c
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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# t7 k8 Y* v. y1 u5 EHousing 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.! Q9 _8 l, B& T" D! e }+ y
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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.”, a8 p# u/ Y E- v K' ]+ P- h
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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.
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+ `6 ~; ]& T# E) S: x# e# i7 YThe 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.% l$ W9 T) A# e! c3 l: q+ `* h; v
- F8 b% K# e, q: Q# d' YConsumers remain confident despite a moderating pace of economic growth, he said. W3 Z4 \$ H" c
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“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.2 O% P8 ~$ v" Q+ g* h. l% A) B' z
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