 鲜花( 98)  鸡蛋( 0)
|
APARTMENTS BOOST HOUSING STARTS IN SEPTEMBER
* S; |" Z q* R8 h7 f8 D0 H; j' f! w/ S1 E' ?. \
Edmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a) Z! v. ^9 u4 M4 ^( R: C! k
continued slowdown in new single-detached activity during September. According to preliminary figures released
$ O1 c/ K' U& Z9 Ztoday by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census
; ^5 Z4 b- `; z: yMetropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units. So far this year, total
( j( [, U6 u8 B* g+ R7 ^$ O/ ?# [8 N/ ]housing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.
& C, S, `8 P/ P3 I% Z1 I" i4 WFollowing a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per
. `" v9 Z5 @1 n( T/ E6 B% l! j3 I+ Xcent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium
" [0 b: |/ z/ @apartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple
3 u& t, T9 U8 ], eunit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.
7 H5 L0 |3 y/ s" O7 u% k; v A8 A8 V! A“Multi-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard
1 E. I- D7 j4 d- ~; n8 w* d! T$ s% fGoatcher, CMHC’s Senior Market Analyst for Edmonton.& I( M9 i* U* B
' \3 R3 c2 \! Y8 b
For the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders+ @% V; C+ i! d6 T
poured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by6 |8 ~9 r. V E- M- @% d
18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.9 m, [5 k# L) ^, s3 e9 Q! h6 R
“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house+ J) B- E" ]. n& ~6 q: h; F
building industry is still expected to achieve the second best year on record,” added Goatcher.2 R; s8 G, f+ L0 f6 E) o, r! I
Total housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,1347 Y: @0 D' d7 G
units. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached5 k$ B2 S$ b M/ E
starts. Six of the seven cities reported gains over September of last year, with only Medicine Hat
' `3 v+ ^4 I$ S( F! Y$ M2 Rreporting a decline in total housing starts. |
|