New Construction Up 40% in Edmonton

每天一点

APARTMENTS BOOST HOUSING STARTS IN SEPTEMBER
# [8 V# N; S7 t  ]) b
- v3 t$ D6 Q& FEdmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a
continued slowdown in new single-detached activity during September. According to preliminary figures released
today by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census
; b4 U! B$ j  W2 T6 o0 |# fMetropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units. So far this year, total
0 V6 T; @2 j2 I7 lhousing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.
Following a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per
' b( w: r( ~3 q9 U' Qcent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium
9 ]2 o( }$ {% ~- J, y- v/ Aapartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple
2 r  p9 `# L# ^* q$ e0 K- h  ^unit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.
3 v: [9 y$ w; E7 o“Multi-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard
Goatcher, CMHC’s Senior Market Analyst for Edmonton.
: v# z7 ]+ |. n% _- X3 R- O
! X" c4 g- e3 K) i& [For the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders
poured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by
9 F, w+ P+ _2 h" ]18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.
0 m1 ^& o) [1 ^) L! s% t# m“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house
building industry is still expected to achieve the second best year on record,” added Goatcher.
/ u6 U2 ?% ]: ?+ \+ ~7 L% wTotal housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,134
% Y$ D& }- }& p1 Ounits. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached
* g3 e( E: [6 z9 W$ V3 wstarts. Six of the seven cities reported gains over September of last year, with only Medicine Hat
1 i% c, z; n" @2 H0 [3 a; r2 G+ Creporting a decline in total housing starts.

yj151