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. E; X" B, n+ T2 f W5 AEDMONTON JOURNAL MAY 8, 2013
. E' l" m5 V/ J$ F+ AHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.1 x0 C) v% }4 p8 X5 n
Photograph by: John Lucas, file , Edmonton Journal
) r1 A3 E- m0 G, u- K5 q! `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." |$ |$ X/ J% h" `8 G
$ T/ I$ e7 r3 x8 b+ ]; @8 q, aBuilders 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.& u8 Y) w9 G9 k4 Q! h$ b e, ^' L* w
& n, h; v/ u9 h9 w6 B0 n$ ^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.”& ]/ J, k7 z6 N% h7 ^" S
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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.( m& F/ d V ^
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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.- K7 t1 R& \/ T6 x q+ n
% Z) `% b) \" r6 gConsumers remain confident despite a moderating pace of economic growth, he said.
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: m4 h* L! @' |% F“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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