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, \, }. M i* y) ~EDMONTON JOURNAL MAY 8, 2013, P. O2 e. V- h/ N& Z+ y
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
3 f9 j1 \. A4 o; ^( }Photograph by: John Lucas, file , Edmonton Journal6 i7 x: K3 E9 S9 d: s, E
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.0 p6 l" x' [* J4 H
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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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6 h- p* N' e7 _" {" v5 ZHousing 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.: [2 h. e1 I/ y& T" d
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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.”! m, Q4 p& A; i* i. e/ `5 b
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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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5 M& s, k0 p) E' ]Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.. A+ p) s. n. A9 T$ q9 m `/ A5 f
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Consumers remain confident despite a moderating pace of economic growth, he said.
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% p9 w2 d6 c# R" _“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.- X+ R2 x* N9 `6 J
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