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EDMONTON JOURNAL MAY 8, 2013 Q: _: y0 l( B* r
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.* L& c- I! r2 D( Q9 [5 o% O
Photograph by: John Lucas, file , Edmonton Journal
- U& P0 E' h) i* @+ YEDMONTON - 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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& [$ v. u: S3 X, z, X6 UBuilders 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., Y1 g$ r0 o+ Y& B+ `4 u9 F) H
4 H. H1 w* h: ?) A2 H& D7 iHousing 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.7 L S, S9 e1 [, q
- Z/ U! `* A. G, P; X( S! |“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.”) _& ~& ^5 K% i( o+ v0 N
5 W0 d( l; t- i- @0 UIn 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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6 X0 P. I! P% P4 A- {- NThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.: X) i; u( y u; w' ~
8 r7 Z. \' T: XAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.2 g2 x& O# h/ q2 u! b! o5 f
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Consumers remain confident despite a moderating pace of economic growth, he said.1 J* z9 y; x/ b% c* k& Y
7 Q) B! N( t, E2 T) p$ e8 W3 e8 q“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.$ z0 _3 \# s3 m; q( E
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