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0 \7 U- X; d7 _5 MEDMONTON JOURNAL MAY 8, 20138 e9 M& p, f" ?2 C( g* @
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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+ T. e Y8 T1 V5 D# O7 nEDMONTON - 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.
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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.4 U5 Z) L+ Z5 f" }! Q
7 H) l# j- h# x: XHousing 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.”
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/ ^! \/ ]- ]( b5 t \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.- k( v' ?' B* ]: y) n5 |( }
1 O# h! P% ?6 k! tAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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Consumers remain confident despite a moderating pace of economic growth, he said.8 g* ?: h4 T1 i2 o3 a! c
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“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.- L; s, \% R s3 ^: q
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