 鲜花( 7)  鸡蛋( 0)
|
Edmonton housing starts dip again2 h4 V$ t& V- J3 J. k. C
d2 J" M2 [& k' L6 v
& c8 |. l7 K6 [) a; _ t/ O
By Bill Mah, edmontonjournal.comMarch 9, 2009 11:02 AMComments (2)
" p9 n3 y; t& U9 b3 G- L+ d7 ~ StoryPhotos ( 2 )
" o% ]4 a" p( f; S' Z' r7 Q7 p }# M# w0 e8 T! `3 n
More Images » A for sale sign is posted in front of a new homes in the Sunset Valley Estates on Ellerslie Road in Edmonton.Photograph by: Anne-Marie Jackson, Edmonton JournalEDMONTON – Housing starts fell again in the Edmonton region for February with no growth in activity foreseen until at least the summer, the Canada Mortgage and Housing Corporation said Monday.
- Q5 j) z& G( R2 u# M ^2 Z0 ^+ ~- ?" k
Multiple-unit starts led the decline with a near-86-per-cent drop from February of last year, according to preliminary CMHC figures. Multi-unit starts across the Capital Region totalled 64 units last month compared to 449 started in the same month a year ago.
4 L& h0 L* K1 x z V4 @: K, l, {, P0 b5 E. G7 a
“Developer unease over rising condo apartment inventories will cause multi-unit starts to be lower this year than last,” said Richard Goatcher, CMHC senior market analyst for Edmonton.) F5 G. g) g2 A# `
% H% d; c% M% [; X
In the single-detached market, shovels went into the ground for 149 homes in February — a 39 per cent drop from the 243 units started a year ago.
: v; ], Z, F5 v: @; f& F8 q% ]
e$ n, J4 W2 g; Q. K6 t7 O8 ~CMHC predicts single starts to remain slow throughout much of 2009. Building activity won’t pick up over the previous year’s pace until after mid-2009 — provided new house inventories head lower. Goatcher said it will likely take until 2010 for notable year-over-year increases in single starts.4 \4 S! Z5 F- P3 k1 ]) D# W# t$ R
0 M+ G8 Z# Q6 [2 _ W# |
Total housing starts in Alberta’s seven largest centres totalled 574 units in February, down from 1,867 a year ago, according to CMHC. Grande Prairie was the only city reporting a year-over-year increase in starts.
, i' k9 J, M1 G4 v% |. A2 Z6 G- s0 h; \4 F5 _' b% I
bmah@thejournal.canwest.com |
|