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EDMONTON JOURNAL MAY 8, 2013
2 s/ m& L' ], P c/ s) cHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.4 u5 v) H% g3 x% Z: b3 F1 r
Photograph by: John Lucas, file , Edmonton Journal6 c- O9 l) C- }: s
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.
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6 }. i" b2 ~' U; \: H8 zBuilders 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.' v6 ~) D& y1 J" w* C. u$ F, u
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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.1 P* f& a9 v9 x" m/ s4 M( ~
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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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. A5 n4 ^# z5 uIn 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.( |' y; Z" B j$ Y, w# W
" a D6 Q' D! S& @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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2 p) J8 @0 P% B3 O4 H' yAcross 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.' c0 x6 A5 o/ Q& |, j3 P3 h1 J" k
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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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* {) d% v* i; L- o! ]$ |5 e© Copyright (c) The Edmonton Journal |
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