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: K: `# r% k9 K# T3 T( Z9 H; CEDMONTON JOURNAL MAY 8, 2013
' D& ?2 b" ^1 e" d4 xHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
# G0 I) s" t. xPhotograph by: John Lucas, file , Edmonton Journal j4 n* ?* I: w
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./ U: x5 D% S" S1 n/ e4 q8 s) b
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Builders 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.7 Q. M0 O# _& S. v/ p, p$ k/ r, s
7 V& e; F7 T( a2 o" `9 L7 d; pHousing 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.”5 n# X6 T, K i- c5 P
# j1 M2 F# ?6 Z1 @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.' U* S+ H) j* w( h
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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.: {1 l7 I9 \* y2 L2 p4 _
8 V! m: N- I8 Q% ~. A$ bAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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/ y A' h7 v5 r+ S) TConsumers remain confident despite a moderating pace of economic growth, he said.- \$ n, C4 X9 T8 p' L7 \. `
! B, K- z/ C1 u9 i* J# B+ i“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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& K0 [$ X. y3 V. J& W/ g% }© Copyright (c) The Edmonton Journal |
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