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8 l" q, z& q$ u! p6 Z/ @3 REDMONTON JOURNAL MAY 8, 20139 r1 \* |0 |- F: l; k7 D
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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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.7 c! v& e: p' K# s- s \( q3 c' p# ^
% e# m9 z6 g8 Z' W8 A; `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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) w8 i; F2 C+ ~% [: @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./ F$ a4 G3 r9 S9 S% |& K, i+ H2 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.”: E, ?6 v+ |% y0 y) @
6 ], T: p# ~% p# p d, DIn 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.# o" w8 r% h& D) Y4 m- [8 f
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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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* }3 d4 u5 u7 m/ V: Y7 OConsumers 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.6 G1 g$ s: V! [6 [7 F# }* }0 O3 [* B
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