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' Z7 M. S4 F3 Z L/ h8 t M- E$ ^. |EDMONTON JOURNAL MAY 8, 2013
; C( Y4 L2 ] vHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.; _# n5 _, K9 U; z+ i
Photograph by: John Lucas, file , Edmonton Journal
. N* s1 F6 R5 s) qEDMONTON - 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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& ~- N( h& ^3 x" o' }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.9 \/ E* E. v7 I# w& `7 t3 x
6 H% k- d; j$ U# y% [. [ w“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.”% L+ c9 y2 {1 A9 w( V7 i8 g
8 z7 T2 Z2 R9 A: A) sIn 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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0 J# i2 W( u7 H3 h+ T/ `The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.) A' U; }# T4 y/ P r( y3 m
' k! A/ K2 ]0 |+ ZAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.# r1 y7 z3 A6 U0 o1 _
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Consumers remain confident despite a moderating pace of economic growth, he said.) k, T' |$ Z. h, x' n) h
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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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