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7 D O7 v" g, W, uEDMONTON JOURNAL MAY 8, 20134 T! Z" z( s F% u" J! _0 P( W7 }
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
, ^- h( C: u x# Q. t6 ^' RPhotograph by: John Lucas, file , Edmonton Journal
! V; p+ ]0 Y3 O/ uEDMONTON - 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.
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( \+ i5 m! V; k2 Q q, R) {& n! ~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.7 y( |( t: R! G+ x0 ~) c: Y- d0 A
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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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9 L% e) C8 y* S# t“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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( p. e1 V5 k/ A# I( O- HIn 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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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.: ` L. X4 P8 w& \
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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.
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* Q: b" H6 t! n( v* y" T2 sConsumers remain confident despite a moderating pace of economic growth, he said.
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2 _% z# v6 E7 t# S“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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* P# z# q7 I& m; Y/ e& |1 H9 n' f3 ?© Copyright (c) The Edmonton Journal |
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