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* P( M! I9 ^3 s9 ~" L6 XEDMONTON JOURNAL MAY 8, 20130 M& H0 h5 ~0 D
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
* p; d- W, }! N. @5 k' TPhotograph by: John Lucas, file , Edmonton Journal( v, \5 O8 y1 B& o: C6 y/ q
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.6 O0 j* M! H0 a2 O* Y
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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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7 X* ^0 t6 ^! [9 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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“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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& n! s- y5 d) r/ W4 f5 V5 A! vThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.3 v- o" `3 X* C, O2 V
" w9 H4 r. Q z' A% L) ^/ v4 s# ZAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.5 n3 V# r; |) ] N% n: b' H# S
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Consumers remain confident despite a moderating pace of economic growth, he said.2 K+ r4 }, g# h! [, d
h+ T, }. q7 n q“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.* \6 y* u4 J+ g+ u
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