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EDMONTON JOURNAL MAY 8, 2013) o) [) p9 |( R( \& Q- b& w8 x
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier." v0 o6 ~5 k! R$ ]. C
Photograph by: John Lucas, file , Edmonton Journal
9 ]+ J$ H- o( L, v9 E/ mEDMONTON - 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.) J, i$ z0 a& n( V: q
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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 y5 L* l+ x9 }5 j: d
: ?& {( C5 }6 @5 @“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.”+ T S. B2 G% k; }
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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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9 S" H8 k2 X5 N. m1 l$ s" |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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“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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