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! n5 p, `. B3 }; {) c0 j: Z0 kEDMONTON JOURNAL MAY 8, 2013
/ a& ~3 v# w3 }+ jHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
& X) B# S; a* O3 TPhotograph by: John Lucas, file , Edmonton Journal0 M6 {+ C3 t* R/ o0 c/ v' s+ K
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.) y+ h" {# [% T. F
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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.
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$ f% c' {0 ?( KHousing 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.9 y9 F1 i/ T7 h _+ A" P
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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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& |% k" z& n& c3 iIn 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.+ P2 n7 T" o- @" o! o/ j2 i5 w
+ K( J2 L$ s$ L$ ]$ V9 RThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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7 U8 A R6 L, y0 c4 m* w# LAcross 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.2 O/ e# O! ]8 B$ P
# ?& r( K' v4 ]0 ^“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.! P9 Q- x8 m1 q& y5 r1 s4 O2 d2 @
) c" n4 @- c# o6 Y+ A7 c© Copyright (c) The Edmonton Journal |
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