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EDMONTON JOURNAL MAY 8, 2013) I: \$ g8 ?/ t i! m6 }
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.: U! Z- C# C, l) g5 d! V4 o
Photograph by: John Lucas, file , Edmonton Journal
O: F- ?7 ^5 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.+ f3 ]3 @# ~% I
; T6 a4 N9 B; a+ \1 KBuilders 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./ u; ^, G1 d3 E+ G+ b
, e+ b! b+ @: ?! j“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.”
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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.
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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.2 U+ I. F7 s3 a) t- u% }( }! S2 ]' [
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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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: T, i8 b" u. c7 U- RConsumers remain confident despite a moderating pace of economic growth, he said.
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5 h+ r7 Y# [- A* r3 u n# n“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.6 Q) q8 {1 \, i. Y7 z+ {( b& I1 u7 J
( } h* W0 j2 B% T' F2 R6 H1 m© Copyright (c) The Edmonton Journal |
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