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EDMONTON JOURNAL MAY 8, 2013
0 c& R4 I% ?+ G; O, CHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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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.# ~% X. X, q- t5 b) u& ]* w# \ y
/ U7 _( c3 t& _) b( B5 KBuilders 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.' y; G6 t9 u* D7 c% W/ e6 z
A7 R' @( [) \ x6 Y0 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.- E6 G$ ?) q$ @3 z7 A7 ^
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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.+ v: f+ k' l; M( H. P* w
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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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Consumers remain confident despite a moderating pace of economic growth, he said.
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7 ^0 Y w3 Q0 v& z- W/ O" m“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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