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EDMONTON JOURNAL MAY 8, 2013
+ `0 m* L: h e0 F8 n9 D% J* e* W9 s4 wHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.' |4 q( r7 M- P% d+ x+ E, F4 F7 Z
Photograph by: John Lucas, file , Edmonton Journal
) d+ F% u3 P' U' y- j" {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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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 R/ Z3 A7 K; D' F6 {$ a
7 [1 M4 u2 |8 A; j( e“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.”: H# O8 h* b9 b/ y4 R
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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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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March. i4 f2 I) l" @; b/ `1 Z
. D8 B. C- J! t8 }7 zAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.+ A2 b3 z- l5 i* F6 f- r% a1 i
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Consumers remain confident despite a moderating pace of economic growth, he said.
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# ]% e. {. m1 H. Y“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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7 p0 D; y/ H: k! k* P/ m* ]4 {2 y© Copyright (c) The Edmonton Journal |
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