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; h) Q% h) s. t3 q& U1 ]. fEDMONTON JOURNAL MAY 8, 2013
9 L8 W2 _3 G: P& A+ T, S* fHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
# j/ u+ U$ B; m5 JPhotograph by: John Lucas, file , Edmonton Journal% u. V# t) w9 A$ r5 N
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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, m( |! Q3 o# Q+ I! Z% 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.4 X5 {, [8 D1 J$ O
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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.9 h4 {# z; j5 f+ r8 g7 {8 V m
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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.”3 T1 i6 f9 S" {
7 ]+ y7 j0 @: U" v& _! X% HIn 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.
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# t1 H V2 I7 S4 }+ K+ H) u3 _Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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4 ]8 ?- p# J+ s5 R+ v0 K. @/ p' ?& BConsumers remain confident despite a moderating pace of economic growth, he said.; l2 G( I( G% }; M
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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.4 ]7 F3 ^1 S' C1 V3 S3 m( O. h
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