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* p" f* L) N* _3 p: r2 e$ T0 ?EDMONTON JOURNAL MAY 8, 2013$ x3 Y3 e6 f( J7 M
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
: k! H) g' ^5 tPhotograph by: John Lucas, file , Edmonton Journal
" s# b& M1 }' Y5 R' { }EDMONTON - 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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+ I/ t, t4 Q9 C T; v& {" vBuilders 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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3 Z+ T7 A9 k0 d" J$ W% E$ i fHousing 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.8 w0 e- G* z0 ^- t/ p
) p8 i; l: g- O0 U# ~“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.”6 e1 e) a+ j' q. ?) f. z3 z4 q
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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.7 T( m* l4 T6 Y# V8 ^
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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.6 D0 k1 C7 ~& g, F" l
. `6 D! O0 l& x& VAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.1 R. N" m' z0 Z8 |* ]: F' t; z
4 r0 o% H7 P7 W& c* }0 ~Consumers remain confident despite a moderating pace of economic growth, he said.
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6 y: G' X' K1 ]! |; h“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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