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7 ~3 Q5 f7 G& u8 D1 tEDMONTON JOURNAL MAY 8, 2013
& {) J8 g: Z5 x2 E! h- `Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
$ D; }# @+ o& [( PPhotograph by: John Lucas, file , Edmonton Journal1 Y2 J! D" T. z8 L1 [2 s* H; \
EDMONTON - 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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6 g( N& H+ _, v0 ~) CBuilders 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.- y+ N3 ^$ @( l. R4 W
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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.
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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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) h0 u+ H: c& q7 U8 R# ~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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: Y/ Z0 M/ W, c$ cThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.6 _0 P5 v( D- Z
- a$ @. P' r! q5 j8 M1 n" i9 aAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.4 V ?/ H$ E. V/ @" j& G0 M* j' X
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Consumers remain confident despite a moderating pace of economic growth, he said.) T6 U; R+ B$ Q1 N& d
V' ~5 ]' A: S6 i5 O( j! Y: s“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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4 }4 h. e: C6 a4 q© Copyright (c) The Edmonton Journal |
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