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EDMONTON JOURNAL MAY 8, 2013
! H5 g$ {6 Y% x6 P/ U5 u7 PHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
! |' |# j" H! t; \8 I* y' l4 hPhotograph by: John Lucas, file , Edmonton Journal. Y! \. f: B y, K
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./ N/ p! D& f1 i( S' N O
' p2 E5 |1 x+ r! b# A$ TBuilders 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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. j4 j" [( ^8 R3 G6 @; uHousing 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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“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.”' X* L/ n6 Z8 ~& M( q
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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.& M( G; |$ b- E4 u# f
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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." ^: E! w* v# ]" b% S8 Y/ m
0 O' B, v# s$ [( _( t) iAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.) o+ `# Z& D7 ~. T7 x- q# Z
9 r0 Z% o5 E3 |Consumers remain confident despite a moderating pace of economic growth, he said., ^4 ] g. v: c! ~
8 a2 S# n+ B4 O% L* ^% ]% z9 ]$ T0 d$ A“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.0 F4 [8 m) T# O4 D
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