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# o: J: _! _ D& J, D) i0 \EDMONTON JOURNAL MAY 8, 2013
' ?: Q0 h+ d+ I4 w, [, |% WHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
0 H8 L" D6 o! i- QPhotograph by: John Lucas, file , Edmonton Journal: z+ k" w# v2 R! r( ]* g
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. h* M+ c0 q. ~( ?
" v" L5 ^9 ]% m2 U' ~% u# L6 ^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.1 Q; T: D: s) @. `
, z- t3 E+ P a0 f* f+ WHousing 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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" I' H. r) U* i/ w' t: v0 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.”* n; }; X- I" L4 @# f; x
3 w8 I s5 n/ ]0 NIn 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+ z" q+ Y& r
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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.$ G" @4 D6 M- M9 o
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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.9 c, ~$ F4 s! q* ]0 q+ w+ |. y h
1 v1 F, ^/ H9 q9 R7 q. P0 [Consumers remain confident despite a moderating pace of economic growth, he said.
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( O" S5 |5 o" {& m9 A$ a) \5 R“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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5 D3 \2 ] ?6 q9 V2 P' _1 H© Copyright (c) The Edmonton Journal |
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