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Edmonton housing starts dip again

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发表于 2009-3-9 11:02 | 显示全部楼层 |阅读模式
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Edmonton housing starts dip again, r+ O: W$ l1 o/ M; Z

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By Bill Mah, edmontonjournal.comMarch 9, 2009 11:02 AMComments (2)
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9 p" u' R2 u4 i; Q- F4 C6 s5 ^ More Images »  A for sale sign is posted in front of a new homes in the Sunset Valley Estates on Ellerslie Road in Edmonton.Photograph by: Anne-Marie Jackson, Edmonton JournalEDMONTON – Housing starts fell again in the Edmonton region for February with no growth in activity foreseen until at least the summer, the Canada Mortgage and Housing Corporation said Monday.
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" W; j3 O, Q8 V; l2 N& F, @5 v% ZMultiple-unit starts led the decline with a near-86-per-cent drop from February of last year, according to preliminary CMHC figures. Multi-unit starts across the Capital Region totalled 64 units last month compared to 449 started in the same month a year ago./ V& a9 F' ^$ l: O( x: |* E: P

$ H$ ]2 ^8 S6 w+ D- N- @“Developer unease over rising condo apartment inventories will cause multi-unit starts to be lower this year than last,” said Richard Goatcher, CMHC senior market analyst for Edmonton.3 W! l$ Y1 ?+ N- E7 b+ y
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In the single-detached market, shovels went into the ground for 149 homes in February — a 39 per cent drop from the 243 units started a year ago.) T4 c' }7 V+ @+ E/ m

( C" a: z2 q0 Z0 a8 Q" M' jCMHC predicts single starts to remain slow throughout much of 2009. Building activity won’t pick up over the previous year’s pace until after mid-2009 — provided new house inventories head lower. Goatcher said it will likely take until 2010 for notable year-over-year increases in single starts.: [- T7 k! d7 }+ M
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Total housing starts in Alberta’s seven largest centres totalled 574 units in February, down from 1,867 a year ago, according to CMHC. Grande Prairie was the only city reporting a year-over-year increase in starts.
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3 P. J0 e5 J. G9 _7 d1 f5 Wbmah@thejournal.canwest.com
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发表于 2009-3-10 08:26 | 显示全部楼层
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