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5 ]1 d# P4 h% M2 d+ d& oEDMONTON JOURNAL MAY 8, 2013
- \6 r4 m7 @! X3 H, `' tHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.4 b o: h, F# z+ g# y% ]
Photograph by: John Lucas, file , Edmonton Journal
! _) T) V1 y3 j& w1 Z8 ?7 sEDMONTON - 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.( J8 R1 l- G* [4 j
- X% _4 C( N# N! N* c# cBuilders 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.% C5 m( Z4 w9 ?9 ?! m a3 s" O/ a
5 ?4 t* Q0 O5 h; F5 n7 V“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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! b3 f* Z" V9 M3 L: J J' A6 cIn 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.3 o/ L4 A U/ H" k- j- |; {
5 N# o. a" a% W- _$ F7 eThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.9 _ ~; G6 p& T3 u2 f; r5 d% Q: F" y
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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.' D* e8 A6 X- c2 y# n
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Consumers remain confident despite a moderating pace of economic growth, he said.
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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.
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