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EDMONTON JOURNAL MAY 8, 2013
" s! T6 }' d W0 kHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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# q; l2 Q4 W5 g1 D3 sEDMONTON - 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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& \8 _) c ?. \1 i1 v* pBuilders 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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; u+ c; c3 n; g! I8 f& [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.( }- e! b+ V2 k: [
* I0 c0 I( v; Y7 ]4 }“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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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.$ F# b4 B5 |# y; C9 k
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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.4 K; H) J& N6 C: W& T V
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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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9 k1 U& H9 Q1 p. }- bConsumers remain confident despite a moderating pace of economic growth, he said.
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4 R+ F3 Q( t, P+ r“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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8 ^: D* v/ `4 f. K8 F& X# e. Q" ?1 {© Copyright (c) The Edmonton Journal |
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