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EDMONTON JOURNAL MAY 8, 2013* G6 C" w6 j) o; H7 Q
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.1 o* L; r; U+ Y
Photograph by: John Lucas, file , Edmonton Journal
2 {) [' \6 }* ^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.: y& R; l& [5 M3 ]9 g1 N! Z
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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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4 x5 z/ }4 p. j( I* [# N: q“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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) y5 K6 p6 g9 w! |3 ~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.
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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.% {8 H5 e+ ?4 R
8 `; u% o1 N% ?. IAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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* x" f* i9 h3 p; n. x5 [0 {/ E& RConsumers remain confident despite a moderating pace of economic growth, he said.
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% T3 ?" W! c5 o, t( ?- j% `; y9 [) e“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.5 |2 p$ Z! L2 i$ z9 n
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