New Construction Up 40% in Edmonton

每天一点

APARTMENTS BOOST HOUSING STARTS IN SEPTEMBER
# z: v, k& g( P$ u
/ a2 B! v% n- j: K2 |Edmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a
continued slowdown in new single-detached activity during September. According to preliminary figures released
( r7 C7 v& m) F" F& G4 utoday by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census
- k8 f' {. ^8 K1 X3 E; p9 p3 W$ BMetropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units. So far this year, total
; V: Z# j9 l: Thousing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.
Following a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per
; ?5 m* a5 K& `cent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium
/ H3 o) B4 I7 b1 t9 @/ v& D% Papartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple
2 l4 Y  A  `" eunit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.
/ N. ^( K6 h* C0 _0 q$ z“Multi-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard
Goatcher, CMHC’s Senior Market Analyst for Edmonton.
" j- U' U& P7 {; l, ^
) @  }7 P, m- a6 z" bFor the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders
poured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by
1 W3 ?1 I" a. D7 B2 m3 a5 P2 F18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.
“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house
% v0 C, r( V% X5 H% Fbuilding industry is still expected to achieve the second best year on record,” added Goatcher.
+ W0 N* m, ^  s: `" D9 FTotal housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,134
: a$ _. W, `9 ~" U* N9 U) F" ~units. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached
starts. Six of the seven cities reported gains over September of last year, with only Medicine Hat
reporting a decline in total housing starts.

yj151