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EDMONTON JOURNAL MAY 8, 2013
) O$ w. Q( w. t1 _8 lHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.- l8 V- R3 c& V2 g
Photograph by: John Lucas, file , Edmonton Journal
" i7 j3 Z, {% v A8 ~, o9 i' YEDMONTON - 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.
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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.# k1 d" U$ N" @' m& w }
5 F K2 d4 `/ B) y: m% r“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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In 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.- k2 a/ ?" R7 A
" p$ e' ]/ U0 U) ^6 r0 {4 L( ]5 Y* QThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.4 y& S: A* a' ^4 e f$ V$ m
8 O' t& B. [+ m( a4 }6 m1 b! T" TAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.# {2 x, J. [2 Q; I7 c
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Consumers remain confident despite a moderating pace of economic growth, he said. q7 m7 y2 |& O3 r3 @
( y z8 w5 d1 F: j, Q“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." c6 o( r4 X, y9 \
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