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0 `! F- p. j7 M* FEDMONTON JOURNAL MAY 8, 2013
4 R& t: q% T. I# }Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.2 K7 O4 C3 e t& D
Photograph by: John Lucas, file , Edmonton Journal
5 e& Y) e: R. ~4 ^" J+ Q& F2 ]' NEDMONTON - 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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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.- D2 q9 P' m! _6 I2 R+ {/ n6 {
+ f; A0 y6 m/ V5 bHousing 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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; P/ Q/ `' S8 W' x: C* D8 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.”3 j8 w- a" |5 }3 P
* b$ \5 a$ S+ ]7 GIn 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.3 W3 U. F+ h4 |, u; A! K
2 l7 W! Z% }) I4 ~) [8 A9 t2 vThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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/ d* p8 Y4 R0 o4 J2 Y1 v4 |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 h2 B2 X: {+ j6 H |Consumers 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.
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5 B/ O0 u8 x' ~0 E* T© Copyright (c) The Edmonton Journal |
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