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% \) m9 w8 x; JEDMONTON JOURNAL MAY 8, 2013
0 r4 p' ~8 V: ~% A0 FHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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& ]5 A' T; O% T, k, L9 t" f( v3 dEDMONTON - 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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6 w/ L* ?$ [& N' U4 YBuilders 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.( p" h# G$ F) `& ?2 o5 o1 c
# j4 S% |8 r9 d2 P C0 a& P/ O& A _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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/ F) z. G1 l; c) s“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.”
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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.
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) K; X3 e0 `8 I3 N& F$ BAcross 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.0 B) A0 O F" N6 M) `
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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.1 E& P% ^' ^% @$ k
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