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EDMONTON JOURNAL MAY 8, 2013$ N$ \2 j7 U4 L2 v9 I/ r
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.& Y. g! ], ?+ ^0 J- v
Photograph by: John Lucas, file , Edmonton Journal
) _5 R; D( B7 Y0 r" BEDMONTON - 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.- M: s0 r' b, ~9 m) E; k7 g0 _% d- U
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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.
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7 M" b& `% ~" Y! g( Q4 O. y1 kHousing 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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! L3 e, i. o; Z6 v$ @ t7 }. c5 m“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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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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, T/ J# _% w: h2 T/ ~+ m) \The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.9 E5 ]# X5 \$ i1 ^' S
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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.' Z4 C3 k( |8 z7 |1 _
3 l# f" U) j( I& C/ S2 dConsumers remain confident despite a moderating pace of economic growth, he said.: a; L: t0 M( z j! |. \- ~
% a3 O* H( X! h- y0 ?* t“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.# @% V, e: O6 t d! l2 d" A2 ?, K; F
% S" O: w' d. r% W/ S© Copyright (c) The Edmonton Journal |
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