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& k* {" z4 [# v) e. h( _EDMONTON JOURNAL MAY 8, 2013
& n& \7 X0 f, T+ z0 J7 WHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.) U( \$ W- h+ l3 |9 c; x
Photograph by: John Lucas, file , Edmonton Journal! V) c; q. D3 |0 m; M! R
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./ v j* F/ A1 j P1 V7 C
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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.' p; H+ h6 ^/ V& \: H6 o6 |9 G
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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.8 v% ~# ^# b6 Z3 ?
, h" ]. E& v& P8 z+ x. x“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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% v" S& @# F) F1 k9 F) tIn 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: j" @ P" _3 M7 |* W6 o
' m2 M; v4 z( N7 w2 aThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.& }' p! Z" H+ q' B" x
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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.
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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. u2 t5 N4 V* f S& j0 X
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