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5 T* v/ {! j: @$ @; \EDMONTON JOURNAL MAY 8, 2013. O7 w# j$ z, d; K1 N. Y5 t: E; {
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
3 F$ T \( d* [/ U6 j8 z! sPhotograph by: John Lucas, file , Edmonton Journal
& `8 E# H6 M0 Z; ?4 {) n& {0 NEDMONTON - 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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' J% o5 Q( l! H! x" T+ hBuilders 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.8 k$ v) w8 e$ n
' N# b3 v) I, d1 @ nHousing 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.* K2 c3 s/ ^# A" L/ f6 ^
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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# o p3 g% @+ E& k" 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.8 w) m6 S! W& Q2 c4 w" i3 q
+ i( M7 P4 U. e7 PThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.* T& [# G" \( x6 R I- a0 |6 Z. q
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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.( l; }7 ]& L9 ]. h: y
- Z0 o) E1 v) cConsumers remain confident despite a moderating pace of economic growth, he said./ {# l/ d3 x$ p1 x* [4 Q
, L4 O) P# ?+ I+ N3 N" S- r8 ^“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.- O; ]& V' O0 \+ _7 W
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