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" q$ a' @& ^+ F7 k0 ?4 VEDMONTON JOURNAL MAY 8, 2013
0 X. r4 W9 `. [* w( z, N, A1 ^% qHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
$ n$ k6 K8 Z& x# D7 TPhotograph by: John Lucas, file , Edmonton Journal
4 q' x9 V) }, g: w1 q7 PEDMONTON - 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.( s! l4 d) j8 |3 b W- B, u
% o3 R2 l" l6 g* }! z* S6 Y$ A" ^! GBuilders 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.* O' e5 J% b9 e* @$ Q
: R- c$ O! i+ VHousing 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.+ \) e# P/ m& S: U5 @
. p+ T. ^% [/ p$ a8 G“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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8 I, S/ \$ |" eIn 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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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.9 t- J. P4 n8 U, S) L4 q) 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.: W3 P4 D. j9 |2 T$ X" E/ e
# {& y/ {- d0 P l8 y; z# MConsumers remain confident despite a moderating pace of economic growth, he said.+ e2 l% [5 p/ ]5 V
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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.0 X, b# L. _' O* i! v& J- i' x
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