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2 @0 e+ {7 ~" X& ~) `* XEDMONTON JOURNAL MAY 8, 2013
* A7 E: }; a/ @% n$ AHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
+ b% `" w, m& ~0 r- y5 }+ xPhotograph by: John Lucas, file , Edmonton Journal
, p- V% S2 S) @" uEDMONTON - 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.
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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.: J! g; s% U* A7 [6 L0 B
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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.' |, i' K9 `* z5 T
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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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+ \: h- D9 v7 lIn 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.- K- [( j& r4 K2 x
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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.7 F* `7 _0 a% u0 B8 Y1 C
& K- z3 x. E( \5 x5 U2 C. `. aAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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7 x' Y4 V F! Q HConsumers remain confident despite a moderating pace of economic growth, he said.. A& W+ y- D8 X- n# K( F
# }5 n( j2 P7 }# T' A3 i“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.
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) j. v" F( n. P4 q* G© Copyright (c) The Edmonton Journal |
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