 鲜花( 7)  鸡蛋( 0)
|
Edmonton housing starts dip again
+ n w5 z$ z" p " J# C9 K7 l5 J
2 [* o4 V: h; y0 f" k: g3 |4 {/ P1 ]3 v
By Bill Mah, edmontonjournal.comMarch 9, 2009 11:02 AMComments (2)
( V# U0 u E0 t0 d7 x' p StoryPhotos ( 2 )
& B, P- o' }* f8 J1 e: e0 v# {
More Images » A for sale sign is posted in front of a new homes in the Sunset Valley Estates on Ellerslie Road in Edmonton.Photograph by: Anne-Marie Jackson, Edmonton JournalEDMONTON – Housing starts fell again in the Edmonton region for February with no growth in activity foreseen until at least the summer, the Canada Mortgage and Housing Corporation said Monday.
) M+ x1 ]: ~& d. O/ Z# ]+ l( a/ z* r, k7 _( `* H
Multiple-unit starts led the decline with a near-86-per-cent drop from February of last year, according to preliminary CMHC figures. Multi-unit starts across the Capital Region totalled 64 units last month compared to 449 started in the same month a year ago.7 x4 |, H1 I `
0 d. Z. m9 [# `7 L) K" h x; b2 [1 N( R/ k“Developer unease over rising condo apartment inventories will cause multi-unit starts to be lower this year than last,” said Richard Goatcher, CMHC senior market analyst for Edmonton.. R) s6 ?6 d2 E7 l! u
; [* \4 H. l& v6 rIn the single-detached market, shovels went into the ground for 149 homes in February — a 39 per cent drop from the 243 units started a year ago.$ w2 r' q+ d l0 }
* B) N: ]7 N; C. nCMHC predicts single starts to remain slow throughout much of 2009. Building activity won’t pick up over the previous year’s pace until after mid-2009 — provided new house inventories head lower. Goatcher said it will likely take until 2010 for notable year-over-year increases in single starts.
8 O4 v+ I9 c+ D. @
4 V# B. a0 m) cTotal housing starts in Alberta’s seven largest centres totalled 574 units in February, down from 1,867 a year ago, according to CMHC. Grande Prairie was the only city reporting a year-over-year increase in starts.
$ C2 }6 E) D0 z+ G' z* y: H& ], c: a" L2 R8 v2 k+ ?* n
bmah@thejournal.canwest.com |
|