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) Z8 k' Q' `6 aEDMONTON JOURNAL MAY 8, 2013- L5 T$ G$ D1 S f
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.8 }# {; R7 T9 ?, W5 U2 R( W( Q
Photograph by: John Lucas, file , Edmonton Journal
3 W/ D; ^" L+ G4 T3 G) c! h6 AEDMONTON - 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.
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3 g$ ^! L6 ^( `& ]/ b: YBuilders 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.; C+ N7 s6 C( Q- r
& H% l: G6 j6 K" m, d) e# vHousing 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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* f* c9 n4 M, a- 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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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. B, W( J L" X% b- a% Q* L
: \. W0 e* U+ uThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.) u+ K0 I, ~, P; h
" K% B* V! F |- \( n4 k# lAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch. p* D& G4 k5 @4 c: V
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Consumers remain confident despite a moderating pace of economic growth, he said., y' C7 K/ Y5 V3 r+ 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.2 p! c' G( K9 e9 P6 J2 I+ g% U
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