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1 n$ p# o+ S( X! VEDMONTON JOURNAL MAY 8, 20133 p" e# Z. Y) p1 [
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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) K& ^6 x6 z! a, j8 MEDMONTON - 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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1 ~6 ^! T( ~" S/ Y q- L! NBuilders 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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, c' @$ B$ k( d/ gHousing 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.”! ] R4 p* h0 k! n _! r, r6 e2 o+ H
1 `# U- _. I: j$ L' C5 o. z8 K, o/ eIn 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.
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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.
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Consumers remain confident despite a moderating pace of economic growth, he said.) o4 ~$ k# M0 d0 v' d
4 A' u9 _$ w1 _$ \8 ^8 t" s# T% J% N" W“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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