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" d1 }! c1 e9 B# e- eEDMONTON JOURNAL MAY 8, 20137 G' t. X0 u+ c" i) W
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.1 V" O8 U A: m
Photograph by: John Lucas, file , Edmonton Journal
2 {; K2 A# q# QEDMONTON - 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.
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) Y$ ~4 y, b4 w* _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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9 h% m' @1 }; l' f“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.”, P0 L6 P6 d! ~8 }$ b3 e2 ~" e# }
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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.& C" n; G T! p! K
: e' }6 [$ }2 ?# o; FThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.+ E* \ ~5 r0 k8 q" p
/ ]5 [3 Y! D* Q: aAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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! n8 ]& ~. X* E! h' F2 CConsumers remain confident despite a moderating pace of economic growth, he said.3 n2 E5 H X! f) N& z* l" \
- h& \$ X. d* W7 u$ e“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.; m" }: ]2 G; C. d" E2 O6 V$ u4 N
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