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$ M0 p' I, c- f7 v, w i# a8 n: UEDMONTON JOURNAL MAY 8, 2013
% c2 f1 Y1 C- H- ?5 s+ I3 K, JHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.7 q$ h2 H x( [
Photograph by: John Lucas, file , Edmonton Journal
. a' M9 l' i- oEDMONTON - 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.* w3 P* C+ Y& @5 ^; o: u5 ^
, [- ?# j# p* x- Q0 j BBuilders 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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; B9 R* D! Q+ ?& {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.
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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.”! j) a/ D2 q% \9 S8 s
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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.
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* O" n/ J3 y" R4 Z2 Q7 b. sThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March. \' W5 k0 b5 r3 z# m6 |2 r6 y
% F# c% Q$ s- c; n8 L! B2 `9 w; N# Y- e4 XAcross 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.
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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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