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* T% {* f& q5 |3 uEDMONTON JOURNAL MAY 8, 2013& J1 z+ K2 \" ~. U3 x( P% j
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.+ k. r* V1 ~3 ~' T, |# x' \
Photograph by: John Lucas, file , Edmonton Journal
% k. m _% w$ e" ^3 g* o! I' _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.6 j$ i0 b. i7 F5 f N2 V% T3 f# V6 E
$ j! J: I! u5 t$ K5 fBuilders 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.1 ?# D1 [4 G+ O& C' i
& R9 R+ W$ N! g“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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& N/ O8 x! M. F$ T; sIn 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.% z* d! ?+ t9 d
4 A1 Q, N7 G6 u+ V! KThe 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.6 ?2 H; j* P. q% g3 b' a
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Consumers remain confident despite a moderating pace of economic growth, he said.
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! n- J! d. M& w( W; N9 ?2 D& u“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.) W' Z% j! E& F+ _2 R: z/ y
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