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EDMONTON JOURNAL MAY 8, 2013
8 f, H/ N$ {, M) Z3 K6 g, RHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier." Q5 W! E* B. c! j9 c+ c( e& ~
Photograph by: John Lucas, file , Edmonton Journal
+ `0 z# z/ o+ O# T! d( ?( D3 z2 lEDMONTON - 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.8 i* t. y8 c" n9 {$ B$ g
* q/ r& r0 {4 A. I& i3 cBuilders 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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' c9 ?; t; [8 [- @" jHousing 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.2 K& S. D! E2 s2 o
7 l% b6 U8 P/ T7 Q4 [; z“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.”. j9 I8 y; |, c. r8 \) F
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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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: A3 G, t) I4 Z, E+ JThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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4 u3 ~ O8 ]% c, ^3 Y: NAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.5 U& V4 T+ L* u$ x* V5 t8 P
) {( {$ _" ]- N2 B5 @# o4 \Consumers remain confident despite a moderating pace of economic growth, he said.
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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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( x/ `1 d9 o- L! r' j( c5 r& I© Copyright (c) The Edmonton Journal |
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