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EDMONTON JOURNAL MAY 8, 2013
5 n7 |3 w3 z. `/ z0 D, v/ IHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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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.; g6 p8 s4 L3 W' N) v0 `
8 b% F# Z# d0 ?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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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." k; {% R" z. b/ y, C( H, U
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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.3 s! Z+ C, B% ^4 l- d5 _/ V5 \
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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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Consumers remain confident despite a moderating pace of economic growth, he said.6 r- H% E; x. ]3 A3 t- Y0 y0 l! @% k* u& D
7 \% w7 I/ D" ?$ A5 }“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.1 B' G1 Y- k# w/ x& b$ T" I
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