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EDMONTON JOURNAL MAY 8, 2013
9 h) {0 j" e& t6 NHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.7 Q0 T* I- B I4 B9 S' I8 K$ V
Photograph by: John Lucas, file , Edmonton Journal4 T4 q/ b6 ~; ^* y- m
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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/ |+ N9 v& O8 ]3 IHousing 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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! G# ?. O2 F2 f$ W. P4 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.”
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0 ^$ `) e! s; t$ L3 UIn 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.9 Y; I7 a8 N! v3 \3 X: A
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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.% s8 |$ N, F; v6 A+ a/ V4 n; o
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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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% Y; U& d% P; N, d/ WConsumers remain confident despite a moderating pace of economic growth, he said.
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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.
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