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EDMONTON JOURNAL MAY 8, 2013
; s. m1 ~ j1 B# d" U! U+ B& _1 W# _Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.- L- l1 N3 @/ ~+ x$ F- }
Photograph by: John Lucas, file , Edmonton Journal6 B$ z! Q( P: n" K x5 x8 n& K7 y
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.7 P' n4 [. Y/ V6 d [! P' f
1 d; ?1 _5 ]. L" r7 Y/ x+ hBuilders 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.. T/ w/ }4 T& \, z
) p: }$ p# W5 _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.
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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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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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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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k9 I/ B7 C' F R5 @0 s- q/ JConsumers remain confident despite a moderating pace of economic growth, he said.% c% O" ~7 N7 U9 Q
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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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