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EDMONTON JOURNAL MAY 8, 2013
: r/ t; D6 ^+ s( ]2 {) xHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
0 i; A# f* p; V2 fPhotograph by: John Lucas, file , Edmonton Journal6 \6 i& v# Q, P$ A1 Z: z% O0 z4 L
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., r5 e4 P: W* W2 N
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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." ?9 z3 @1 w) _2 G+ v! ^/ [
/ N8 H# Y, Z# _. `2 sHousing 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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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. V' U, c0 i3 X0 P! U% ]& j9 T1 H# }; m) k
u! N) [# ^, KThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.; _# r- P( ?8 x& W" R
0 {4 O. ^0 Q5 p6 G5 P* L5 P7 V) gConsumers 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." i, T+ h6 K% l: [
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