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EDMONTON JOURNAL MAY 8, 2013
6 ?0 g9 v% c, u8 M! ]Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.! c! a0 J3 [6 H
Photograph by: John Lucas, file , Edmonton Journal
3 k4 v$ I# `6 r r* PEDMONTON - 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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6 N1 z+ G) ~3 S5 g+ I, dHousing 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.% c6 K- ~# s- l1 b$ h2 j- b$ ]
% m$ e( c- |7 Q* x1 _0 h3 k“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. w" J6 F8 l/ A
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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.0 V, P7 n; f2 F1 l( m+ ^& s$ V* Q
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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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7 K _3 d/ P- OConsumers remain confident despite a moderating pace of economic growth, he said.
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; |# I- U# r1 U H( o“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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! Q. |$ i0 u: z, A" G5 v% o© Copyright (c) The Edmonton Journal |
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