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EDMONTON JOURNAL MAY 8, 20133 T0 I4 A, E( T/ i+ A" C0 z
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
/ O6 X* V9 q5 t6 |Photograph by: John Lucas, file , Edmonton Journal9 q2 E* K, P$ m, V
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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! ?+ e6 [) H# R: Z2 N7 O9 c5 A, F/ GBuilders 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.9 ^% B& C$ g# L: L9 r; B
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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.”8 E1 t4 L( m5 |5 M( _- C2 R" o0 J3 s: X
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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.
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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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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.- z5 ?, H$ v" i" X, T [8 ~8 U
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Consumers remain confident despite a moderating pace of economic growth, he said.9 T% U' t4 W6 X) e) x
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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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