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New Construction Up 40% in Edmonton

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发表于 2007-10-12 21:39 | 显示全部楼层 |阅读模式
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APARTMENTS BOOST HOUSING STARTS IN SEPTEMBER8 w7 p9 M* r* l/ f

  q+ ^+ H5 n" k0 q  E" eEdmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a" V) K  L: j+ q* T/ v) u& a
continued slowdown in new single-detached activity during September. According to preliminary figures released
) v1 t& k) s+ v) a# w  Btoday by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census
, i3 ^* O/ F# \( Q. u# u' Y% \9 XMetropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units.
So far this year, total# a# o8 V4 P- x$ l: i
housing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.
9 y$ Q' ?: ?" C0 MFollowing a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per4 O% q) q: V; x9 [, L
cent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium" n# {& c2 d2 w4 L6 E& _* t
apartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple, _9 B* {! m- L" g
unit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.( D: ]- o* P5 k
Multi-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard
+ h. s' M( j5 v# r0 Z8 T  X5 jGoatcher, CMHC’s Senior Market Analyst for Edmonton.

! I# o7 M' h2 g4 U. ]/ L$ X: O# ]0 v6 l( h* l
For the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders
/ D! A. q: d( r& t3 ^poured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by
6 K5 o2 V+ v; }% {4 v18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.
, n! e+ i3 h( Y/ a! C3 Z“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house
' D- J, \' z8 V& }$ O; _- }, ?building industry is still expected to achieve the second best year on record,” added Goatcher.4 G9 e/ y2 f& x* ^
Total housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,134, @$ I5 v* ~; j) l) W( a+ c) V
units. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached+ t/ U) R# R8 F
starts. Six of the seven cities reported gains over September of last year, with only Medicine Hat
- ]3 T" o0 ~  w( L3 z. ?reporting a decline in total housing starts.
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发表于 2007-10-13 22:44 | 显示全部楼层
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