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2 }$ C$ R& ?1 `2 Y3 vEDMONTON JOURNAL MAY 8, 2013
& [( @3 B- _! f6 J/ S( H' n- W. `# hHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.+ Q" H9 [4 _ u; k9 ~! M) h
Photograph by: John Lucas, file , Edmonton Journal
6 W, N& x8 \5 F) M. y& aEDMONTON - 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.. R2 X) s: B, X
) k" K" P9 S m- {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.5 |9 ]% b; W; V6 y
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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.* v; H$ k8 x4 ]& P
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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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+ p9 L T0 ]; _9 c+ w0 G* e6 kIn 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.4 ?( ^# h% L Q0 |, m% t' ~# V
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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.
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6 A5 k. S1 {: w2 f" G0 rConsumers 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.- d# p p- {4 ^3 [8 H- H, v
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