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EDMONTON JOURNAL MAY 8, 2013, y" \ R4 j! |6 l
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
! w' O1 ]" v. B. o9 w" |Photograph by: John Lucas, file , Edmonton Journal
+ k) i1 d/ [1 P5 m. 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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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( `" E y" e8 B3 C5 s" |
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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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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.& d! y, s4 @ n* V# k* c+ f
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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.- x, Z6 [7 s g; s5 B
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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.& c1 Y% |. t N* C; B
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Consumers remain confident despite a moderating pace of economic growth, he said.
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: Y7 C' j* H0 a. F+ t) T x3 `“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.0 p+ h7 c2 e/ D) y# S* V9 n1 M+ _+ _
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