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y+ E/ l7 Y0 P) Q+ t. n& _EDMONTON JOURNAL MAY 8, 2013& q. i0 M4 |# E0 Y: P5 N' n
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.$ A. O! u2 d" U4 t' I, F6 m* i7 H
Photograph by: John Lucas, file , Edmonton Journal
- n. o) x. v$ h- r+ ^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.4 N6 G! C2 A( [( W
% F; o0 L. T) h, `/ I2 {9 K+ E- lBuilders 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., K6 G8 Z' M1 N( v2 \$ _
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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., M( p; g& E+ ^
( }+ ] v* s1 D: |0 k9 K# |“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.2 @! p. P% S7 m: B9 N* Q
/ ^; Z/ M- c; i: n1 N' `- ^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.( w, _2 {$ T/ x% @
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Consumers remain confident despite a moderating pace of economic growth, he said.% u! y- N r; k& j! }4 I
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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.; F) T3 n0 s" a
# T& U6 [/ }. ?* q, f; [© Copyright (c) The Edmonton Journal |
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