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( i: Y; g( [- s. o3 K9 `% `: [EDMONTON JOURNAL MAY 8, 20131 d% k& t2 F6 {6 B6 }
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.1 w7 F9 ^' i* G9 \* r+ z1 K3 A
Photograph by: John Lucas, file , Edmonton Journal
$ D( P7 Y2 ~0 _9 V2 y# W" \" KEDMONTON - 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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, v: c! n. c) g) _3 ?. H1 _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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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.# @ T" j2 c( T$ W2 f% \8 u
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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.”6 v& A# |1 P5 M& p* y( j
. y: H1 V* c R: `8 V6 Y0 [% ~1 f% a9 NIn 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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2 q3 D7 z5 }0 P4 g3 v |2 ~8 cThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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* F9 a7 J; K* j# h* J6 ~( zAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.8 \; n; P2 g! T, a
3 A8 X* |* v" r4 jConsumers remain confident despite a moderating pace of economic growth, he said.
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3 B# c; a" A" S4 L“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.3 j, Z# [' F( l. U$ p( x
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