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l, L# D* l" g1 c2 t! pEDMONTON JOURNAL MAY 8, 2013
) D" m( h7 q& @Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.* c: w1 }* V, B: q# \2 A+ K& M9 b& k
Photograph by: John Lucas, file , Edmonton Journal. p% O( s, U N4 F5 D+ f+ H* f+ L
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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; W5 {& r! N$ Q* Q. [1 _5 n7 mBuilders 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.+ ]9 u) D7 e9 \: Q7 S, Z5 U
/ H9 e) F. k) m7 i2 V5 b+ uHousing 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.”
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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.
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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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/ F& u8 A: e& ^; eAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.$ W% v0 b" T( ?" ]
8 j# Y) T! R1 [* M4 n: K5 nConsumers 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.' [2 q4 p. M# K6 ^' P
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