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EDMONTON JOURNAL MAY 8, 2013
0 d. q4 o. S; B( L9 ?Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.# t$ g) O6 o: L8 q
Photograph by: John Lucas, file , Edmonton Journal
- r* l# z& W! T" m) }$ J( vEDMONTON - 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.! j/ e9 G: J* R' Z; F' f! U
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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.
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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.- M. b0 H. u) D1 n \
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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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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.' w1 r; t# R5 U3 C" T1 `8 G9 _
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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.
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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.+ e; `7 f5 c9 f" v, K
0 V' i. i! ]/ b5 ?6 ^Consumers remain confident despite a moderating pace of economic growth, he said.$ ?# B* h) F- `) {& U
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“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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1 t. D/ @: n: x5 @© Copyright (c) The Edmonton Journal |
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