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EDMONTON JOURNAL MAY 8, 2013
. n: w9 [9 e5 d8 x7 I. d8 Y8 THousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.' V V Z- P& B& d$ U( I9 ]
Photograph by: John Lucas, file , Edmonton Journal+ @; S( s1 M: w% @
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.( B" v1 w5 l# R, Q- k- O% k
! j% t7 p- W0 b7 BBuilders 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.! S0 f9 y; b, G+ q8 f. J' A( R, ?
) a$ U, ^! U) t6 W, P$ VHousing 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.# ]9 q" J2 v0 j/ D8 y8 T# ~4 C- X
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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.”
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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.
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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.* J4 I# Z8 _1 |& D
# f$ H1 r6 l0 l- ^2 ]Consumers remain confident despite a moderating pace of economic growth, he said.
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' d4 y v* E0 k4 J6 x“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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