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EDMONTON JOURNAL MAY 8, 2013- C* l+ l/ h1 B2 w2 g n
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
3 S0 f; \, W3 x: _/ U9 tPhotograph by: John Lucas, file , Edmonton Journal
) f4 u7 S) D8 s+ D% E' zEDMONTON - 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.1 f- m0 n/ ?( D$ m, x) D
, ]+ h# w* E# e0 f# IBuilders 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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4 p4 z; x4 M3 E" {( B f+ 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.; E2 T0 J( o5 o2 }, |0 R6 a, a6 B
! E: w3 n, W( l5 G$ s) j& ?8 f“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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- p _ _. i& {, wIn 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.' e$ y& W% w. V, U
& F) \: R' m; P* B' [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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Consumers remain confident despite a moderating pace of economic growth, he said.
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5 a% \2 E w& W, \ l4 R“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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6 Q$ |' _8 [1 n# ]1 G© Copyright (c) The Edmonton Journal |
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