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* W( _ C6 X% zEDMONTON JOURNAL MAY 8, 2013
" b7 e, q" D& R2 S$ s8 c0 sHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.$ w; w& e( o3 [9 z- U, K
Photograph by: John Lucas, file , Edmonton Journal
$ Y1 `+ ^- `* t) I' H$ TEDMONTON - 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.* r) Y9 F( F: I) o" [1 e
5 ]- j; ~; P& e$ d, y' F1 @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.# b7 j7 c3 ~% x3 c
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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.
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+ ^4 s$ E7 y2 p+ ], j9 I% {“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.”9 |4 J+ b% L/ s4 p4 P6 V! N
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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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+ Z$ i2 q* _( cThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.6 v* k- s( {5 ?: _2 n: p$ _/ {
8 W8 C! l1 \3 N5 HAcross 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.
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# C! @* I+ H# d- {% Y8 f1 t“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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2 V0 `5 Q' i: o; N* I© Copyright (c) The Edmonton Journal |
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