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+ _9 R. C+ q' Y/ W7 F* b1 p0 [EDMONTON JOURNAL MAY 8, 2013* I; D! v& Y7 c8 }
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.! X6 C2 o/ W( y
Photograph by: John Lucas, file , Edmonton Journal1 s& N2 K5 z& Z: I
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.! }/ Q& n! s$ u' o7 j" q
1 U: q; m# H2 [9 N9 TBuilders 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.
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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.”; a8 M" [' D" ?* |5 Y5 k( ?. A& Z2 E
! C! R& O3 b/ {; A$ oIn 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.
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1 S* r# X( ]- g6 f6 d7 w: rThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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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." q# H b. ]: t5 q* y
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Consumers remain confident despite a moderating pace of economic growth, he said.
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% z& e" C- Z* [! v“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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