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EDMONTON JOURNAL MAY 8, 2013
( k* |# x: s: RHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier./ M, o1 `9 p: c1 Z
Photograph by: John Lucas, file , Edmonton Journal
, J7 d5 w5 U/ I! v7 hEDMONTON - 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.* m5 D! k% d% O( p6 r, c6 j
- b9 I; z. i1 L, Q. r8 z, vBuilders 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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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.# ~* ]& I0 a- ~3 |1 v$ E: K
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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.”; V6 ]- |" i g% H+ a- M4 l
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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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The 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.
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Consumers remain confident despite a moderating pace of economic growth, he said.6 F+ S' [" A4 n
* m' f- u: K: a% |“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.2 A. b h- n$ f: [6 [
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