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- @1 m3 z! H& e( D4 _EDMONTON JOURNAL MAY 8, 20138 s# F2 n- o( x6 t( n
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier., t! {3 [" M* Y9 l J
Photograph by: John Lucas, file , Edmonton Journal
# V4 w% b0 {& X, iEDMONTON - 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.8 N- y& l% q, ~2 d
" S, A' m: Q7 j7 ~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.
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, o- I) r8 T" A0 W+ M# G( j3 v. c“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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3 Y3 P9 Y, v. x5 t+ oIn 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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6 N( x8 N( i! r1 T9 Y8 n( b7 ~, gAcross 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., f; ~, \0 k! K7 v: x1 v# b& U
' O; B: P# _0 O1 [) Z" ^ m; 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., d3 b9 t+ D1 A$ ]' C, R+ h
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