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: C$ b8 @0 W5 E$ i0 I3 GEDMONTON JOURNAL MAY 8, 20131 C6 N; r5 a% ~
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.( x+ k8 F" q: q: P! x
Photograph by: John Lucas, file , Edmonton Journal
9 c/ O7 X* f2 x' `( y3 G7 ~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.
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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.% q0 E+ ~* T" h8 z
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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.: a2 h2 { x5 Y* N7 n5 _
( J; S/ g2 V# y) c, b4 h“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.
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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.
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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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+ O6 e/ M: Y1 HConsumers remain confident despite a moderating pace of economic growth, he said., O) K) ~; f" N' r* ^2 i _ F0 V
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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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