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EDMONTON JOURNAL MAY 8, 2013
" O9 ~. u2 b$ _2 r% @3 S3 _- R" rHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
# m7 T0 K+ E( w2 ^/ fPhotograph by: John Lucas, file , Edmonton Journal6 E: d( @( ~; G6 a. L1 p; B1 U
EDMONTON - 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. ]& @" |4 M' t2 m. |
$ A8 H/ V2 @. r; d9 sBuilders 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.; ]' K. w; L( b
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“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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( \+ F* ?% y0 r( mIn 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./ I' P! a+ ^4 q# @0 }9 u9 S! J
% B3 Y; V" z" LThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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; h4 B/ m' Q) \( OAcross 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. q: d. x- h8 e. s$ u8 T) Q
9 Z4 k" [* a+ | c4 P9 Z) l“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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