New Construction Up 40% in Edmonton

每天一点

APARTMENTS BOOST HOUSING STARTS IN SEPTEMBER
9 E7 N0 L: i# w$ ^7 A- f
: U0 a- j: ^' V4 `( f8 N& mEdmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a
continued slowdown in new single-detached activity during September. According to preliminary figures released
! H$ c8 q* T  h/ Rtoday by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census
' X2 O7 d8 F; {! ^+ U( c6 \+ J0 E9 A8 oMetropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units. So far this year, total
' a1 l' q% M  A5 s1 G/ _housing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.
3 }' }1 E1 I' |) Y( eFollowing a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per
1 ~" l) L6 ~" W0 rcent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium
5 `- f3 e$ K. X9 ^: ^6 mapartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple
unit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.
“Multi-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard
' e) r* [/ o$ V. W7 B5 |. WGoatcher, CMHC’s Senior Market Analyst for Edmonton.
- z: x' w6 H4 ]! B6 Z. T
For the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders
poured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by
18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.
9 j, E3 Z( s, |  e& T% v“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house
building industry is still expected to achieve the second best year on record,” added Goatcher.
. [) z2 P; K1 m6 D0 I/ {Total housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,134
# K- F) m  U# f* Aunits. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached
starts. Six of the seven cities reported gains over September of last year, with only Medicine Hat
reporting a decline in total housing starts.

yj151