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& g x! z( p8 u" x8 [EDMONTON JOURNAL MAY 8, 2013
' ~6 P+ l& Y' g, ? YHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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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.7 v) q) G! m: u0 ~! ?3 A
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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.+ m) y/ \1 l8 z3 {8 s" [+ s* K, s
6 `4 r$ T0 ~' w2 F' tHousing 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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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.5 u2 ^# d+ _2 {+ k$ C7 f
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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.5 Z1 I9 K I T: ]
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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. `- \: ~2 x8 K' \7 h3 U# `3 b
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Consumers remain confident despite a moderating pace of economic growth, he said.2 V4 p$ J! ~; V' \
5 t+ Q# d$ a I5 p) x6 w7 U“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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