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s! X7 L) \% v% c8 aEDMONTON JOURNAL MAY 8, 20130 s, A' J+ X6 V9 |
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.. j* n- D" G$ Z. [' S
Photograph by: John Lucas, file , Edmonton Journal
$ V: i" H' \! s: x" c5 y1 EEDMONTON - 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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) A7 v' K( ]6 Z% |4 iBuilders 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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# p% u8 a+ [9 |/ z% U# }) _0 XHousing 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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5 c, v1 G3 U, m% a+ w8 o$ b“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.”) {( u+ m6 E* ^
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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.7 j! r D5 s) x
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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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7 s3 t7 U/ }6 sAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch./ _7 j; c; J6 m% b6 f, M' a4 \
& T9 b$ U# q/ d+ D( H5 b, _Consumers 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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