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7 h5 g! E8 I4 l* Q) ^0 k7 T% {EDMONTON JOURNAL MAY 8, 2013
4 E0 N* W8 F+ e$ A7 {& mHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.; n! {/ g: X* _9 p( u
Photograph by: John Lucas, file , Edmonton Journal9 _" i8 n8 N4 i- H( g2 h1 w4 w+ {9 ]
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.: |& ?5 H& W( ^3 n% S
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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# K: r% B' d: `- }* V
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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.
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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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( {. e; \( y9 Y3 c3 @' \9 s0 fIn 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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5 c- M0 ^! J5 K: z3 yThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.% a0 j5 q' f2 b+ L3 e; ^
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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.- u2 D0 N# |& Y2 n& l
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Consumers remain confident despite a moderating pace of economic growth, he said.- ^: o. D, {0 B6 Y
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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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