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$ V5 E0 s" v. XEDMONTON JOURNAL MAY 8, 20139 [, g* F2 S) K: d, y$ _. j
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.% I+ `! @2 W! d; y/ o6 H
Photograph by: John Lucas, file , Edmonton Journal
$ Y9 g8 q! C' |* V+ n, S& 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.) L" K& g3 Y0 M% S+ _" A
& K u- b" ?/ F) |0 K' ~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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$ ^" l* H& i1 O; j5 s. z( EHousing 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.5 e9 e/ N: K$ @! }( F4 m c7 Q
2 Z4 {8 o0 I/ b“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.”% W% X, Q8 p- d3 T8 w, g# ?
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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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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.: ]9 ?& {' q4 w
0 W* n3 W1 X' G- \9 ZConsumers remain confident despite a moderating pace of economic growth, he said.' H: b: l4 Q% q; H
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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.# I$ a7 d$ T7 n H6 K. _
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