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) J- j8 ^: `0 sEDMONTON JOURNAL MAY 8, 2013
, _* G# k' n7 }. A- I5 x" q, j& rHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
4 s5 V$ R* L& J; a' OPhotograph by: John Lucas, file , Edmonton Journal
7 P# D0 P/ j: P2 ]+ y( j- P* lEDMONTON - 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.$ ]0 K4 Y% [ ?1 y4 s: I
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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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“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.”1 E6 \+ A3 i4 _' ]; L. ^
l! c0 x6 I7 v3 v1 a! J9 S& sIn 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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) j% ^3 d! X; R6 a$ ?5 U9 o! GThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.9 b6 s3 Y; t6 T/ J8 n& b
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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.* B' S" ~6 u; ]# u* h" e% l
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Consumers remain confident despite a moderating pace of economic growth, he said.. ?9 g$ ~' l$ |
( e1 F$ F) d- j* K# r, K“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.
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