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EDMONTON JOURNAL MAY 8, 2013' ^1 O( Z5 Z, {$ g* D; x& r
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
" U6 t5 \ F5 Y- f( PPhotograph by: John Lucas, file , Edmonton Journal
" V# v" O! F) m4 O4 } IEDMONTON - 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.2 r1 o' Z# q) u9 ?
{. {5 ]9 D$ C! S* t 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.
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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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0 r) D8 N4 m7 k$ [. M# 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.”) n+ H( [+ Y" d7 m* t! n
) s; g) @3 Q" d0 |/ H1 r/ vIn 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.1 L8 {+ W" S; k' @) P' v
^$ L: R! d KThe 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.7 l7 _6 g3 L1 F# G9 W
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Consumers remain confident despite a moderating pace of economic growth, he said.5 Z6 k' c- t4 | D
$ a& B7 @: T. N2 e“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.3 `1 l# e- a: X( ]
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