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" B9 u! a5 W; {% HEDMONTON JOURNAL MAY 8, 20130 f+ `3 ]) Z3 U$ l4 A* L
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.4 _: w& o y6 {+ _+ v8 y
Photograph by: John Lucas, file , Edmonton Journal$ q3 a* x6 X/ e6 x
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.3 \0 U- U" m% V3 D' w! M8 T
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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.9 q1 m3 V: x: ^
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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.
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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.”1 M+ U9 S; a3 w6 d1 ~" ?: G# I7 J
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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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D4 ?) T6 }3 D% C7 A" OThe 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.- v7 M8 G$ \1 b0 D" M/ Q+ S
' g% J, \2 U) r, M5 l“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.
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