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EDMONTON JOURNAL MAY 8, 2013. v" ]' w& O6 A- C! X$ u
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
' \" J1 R- N4 e- ^% u3 _Photograph by: John Lucas, file , Edmonton Journal
, y5 G5 s% {( m5 `. w C. z' a0 g9 oEDMONTON - 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., _/ ^( G2 P$ p: x, B/ t3 |3 Q
- n9 O: t! M% u% z9 L y4 hBuilders 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.) n: A( j9 M8 s7 |5 V$ D. A1 H9 @
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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.. O# @- C7 B) A
1 U5 @# G/ ?$ J' v! i“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.2 K% I7 @# F8 N: i' r( y( W
: [2 H3 |" |) D) EThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.1 h* o- k: U7 C
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.& J2 s2 L' C, e
% `5 d# S) Q. [; iConsumers remain confident despite a moderating pace of economic growth, he said.
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“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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! g+ ~% ~4 y) p3 K6 \1 U- T5 c© Copyright (c) The Edmonton Journal |
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