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EDMONTON JOURNAL MAY 8, 2013' s7 D1 w3 j$ T/ s0 M& R
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier./ R8 \1 Y# u4 f3 ~
Photograph by: John Lucas, file , Edmonton Journal: f l) B1 [+ }) z l
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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4 t7 R& l- M( J/ ^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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* K2 W( ]- ~+ k6 ~# `8 f! A* zHousing 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.” X \5 C" O7 j! h! p
3 w! [, t; a9 p) S9 _/ g4 pIn 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. c- t% {' t, g& l$ d: D8 b8 f3 F
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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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8 t( w5 K; {6 N9 yConsumers remain confident despite a moderating pace of economic growth, he said.: p8 d7 T! K# {! Y
5 ]7 _5 a, y. A5 T- t. t2 G0 h/ B, y5 G9 V“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.0 J# o! F( \8 Y4 Y; n. u
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