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9 M4 t; m; J" M8 q0 iEDMONTON JOURNAL MAY 8, 2013( q1 `1 B, a+ o/ j* c I9 I6 i
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.% |9 y" Y3 M( o7 L' r
Photograph by: John Lucas, file , Edmonton Journal
/ S' g0 C$ w# K1 T1 ^8 \/ 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.4 R, V! y# K1 M5 @
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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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. [4 E1 V$ T2 b: VHousing 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.& b+ }- |+ D2 p
& b& W! D/ P: p# d$ f% ~4 {“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.”6 {+ Q# k8 k. e5 P4 I: _1 t
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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., h" U- \2 L+ z0 ]+ D5 }" z, b
$ {- x0 i _* |5 j2 B8 k+ ?The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.4 T' B2 Q+ I8 {% D7 o# N
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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.' O" J& ^' O z) P! [6 ?
H x6 i1 L6 s+ jConsumers remain confident despite a moderating pace of economic growth, he said.4 R- J( r6 t& G1 Z/ S! a' |" @$ [! \
+ E3 [+ w# Y" w' E% H“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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