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EDMONTON JOURNAL MAY 8, 2013; v" s6 s& j/ C, L
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.6 d' N1 M; g% W+ Z
Photograph by: John Lucas, file , Edmonton Journal
# ~; m2 `- t8 @ }1 m5 G: gEDMONTON - 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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, [, R t& r7 m0 n; 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.% }* ? M5 c9 n7 ?( n
" ^( ~% B6 z8 ] |0 G 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.”
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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.3 v0 b2 v5 i B
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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.3 W, ?" V6 j( v
/ ?; m5 C6 D$ m. GAcross 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./ [3 f) O) v- c# K. o4 d. s- f: ]% o; a. O
3 k: m5 b! w- p% C- T0 R/ m“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.0 G# R3 ]! _+ C& Y% A" u/ t
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