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EDMONTON JOURNAL MAY 8, 2013- k3 f8 i& {8 }
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.$ |) r C* O8 o, f
Photograph by: John Lucas, file , Edmonton Journal
2 v6 U' A0 } b% [' S. hEDMONTON - 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.9 ~2 J8 G; N7 e
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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.
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, @9 a) J% U% E: N$ T1 V" g1 T* [“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.% s! \ S: Z9 Q. j l2 \3 a$ g
7 N% {& j" J; }; \# OThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.- D k1 E" m1 a2 _ V0 @: n
" R3 t# s8 ]& i6 D4 vAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.4 _! m8 ~. B9 k" }0 m) m; F
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Consumers remain confident despite a moderating pace of economic growth, he said.
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“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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