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9 ?! H8 C" d/ k6 f: ^EDMONTON JOURNAL MAY 8, 2013
, O8 j: U- E5 u* DHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
3 \7 ^3 [5 t4 S9 I+ CPhotograph by: John Lucas, file , Edmonton Journal- q% g" T+ }. [
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.& p8 B& g4 A0 \+ E1 t
. [$ j, a. d8 e) o2 }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.; `9 W# P; e; u3 m" X ]; r
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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.
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$ ?/ v+ Z( I, z* F$ t: |, K# V& M“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.”" F! @: \5 `8 c% z
5 b8 h |( J: J4 c, t* w8 xIn 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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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.. I5 b* s7 I4 d
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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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( e& a1 M% u x2 TConsumers remain confident despite a moderating pace of economic growth, he said." X) @3 v2 h: D
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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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9 @& Q0 s: K) Z# U6 V4 p© Copyright (c) The Edmonton Journal |
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