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: Y7 ~0 R! ] Q* q) rEDMONTON JOURNAL MAY 8, 20139 r$ r2 s" L- k8 f: l2 Q) a. d) a
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
: C& D' S" i( d# E9 o: VPhotograph by: John Lucas, file , Edmonton Journal
) {, {; s! I! p+ 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.* G$ q8 ], ]" Z, f) u( M
" \- t5 U1 l0 S. v3 b$ A( U8 O: C4 GBuilders 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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) r9 X5 ^5 g; V: L$ a( M( O8 eHousing 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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3 y [7 [+ r) B i5 _. M. xThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.- d7 j0 O3 m8 D6 V i
2 f0 H' k* N2 n" f8 }* nAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.8 k) G% @5 H4 R
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Consumers remain confident despite a moderating pace of economic growth, he said.& g: T8 A" ?+ K5 a) n& v) Y- c
, e: @* L- p) Z+ x/ s“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.; }9 C( H1 j! t5 o {
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