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EDMONTON JOURNAL MAY 8, 2013
8 \( w2 y, |/ x2 CHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
/ O2 |( Y, ~# E7 w; |5 g0 nPhotograph by: John Lucas, file , Edmonton Journal
: d) [* s8 `0 `1 Z$ G: f1 n3 \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.
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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.% P! G$ v6 O7 ^1 Y% x2 P
' J7 p% `) |& l# y& DHousing 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 n4 S5 K$ _# y& R8 h
& [% k; G- S4 E, f$ D+ c2 c4 L. p“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.”5 y: b" \/ l+ }- ^
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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.0 S9 K$ S- {4 p
$ n. M( P# l: L& g2 TThe 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.
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Consumers remain confident despite a moderating pace of economic growth, he said.
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, E; \/ ?; r4 Y& X: A- P" Z0 f“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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8 `6 p- s& u- t% _$ p2 K F) Z© Copyright (c) The Edmonton Journal |
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