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) Q: _+ k: c7 T( }" ?EDMONTON JOURNAL MAY 8, 2013
' m5 }4 B/ [. WHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
& i: k& v3 v! ]. T, E( \) gPhotograph by: John Lucas, file , Edmonton Journal
9 j4 o3 }' h7 H- r0 x) R3 oEDMONTON - 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.
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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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$ k0 G' q' H! ^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.”
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2 V: e: }, L- [/ ]7 \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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5 k" u! ]. P" O. U* |) BThe 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.3 o1 O$ F4 l1 s! \% Z0 i- A
5 z; ?2 B' R. I% z1 c% O$ CConsumers remain confident despite a moderating pace of economic growth, he said.
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# C: h/ _" A6 C4 ^“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.) J% y) A, r' ?* ^
; X1 ^1 h: W: g0 P, z5 p© Copyright (c) The Edmonton Journal |
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