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EDMONTON JOURNAL MAY 8, 2013# x1 Y9 r3 W& j H
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.2 c: S% @7 ]+ H5 G9 I6 p5 Z! D+ d
Photograph by: John Lucas, file , Edmonton Journal
! m8 Y8 C/ I; WEDMONTON - 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.# `- F( r# z0 L
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Builders 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.& d: w# `6 \) m
( |! i/ d% G1 r/ |' ?1 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.”0 |$ F l, f2 ^* i& T
- \. c8 _( z# Z- W2 @- ^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., L/ {8 Y# k7 \' d0 g* h1 c
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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.2 Y" s! U, p; H0 H4 L# [4 U% r
+ [7 O; n- \+ U7 u$ }Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.: ~% @3 N0 \# `; G
/ L+ n2 ^( Q" j9 B) EConsumers remain confident despite a moderating pace of economic growth, he said." I' r' w0 y1 E2 S# ~& n/ z
9 `% u* B3 Q7 Z6 {* A“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.% T+ M" D3 k, R8 {' O5 r; ^0 I
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