New Construction Up 40% in Edmonton

每天一点

APARTMENTS BOOST HOUSING STARTS IN SEPTEMBER
4 v  U0 y( o( J3 A4 t1 U
Edmonton, October 9, 2007 – A surge in apartment starts across Greater Edmonton helped counter a
8 @' T4 Z( `: e2 y+ k9 @* @continued slowdown in new single-detached activity during September. According to preliminary figures released
today by Canada Mortgage and Housing Corporation (CMHC), housing starts within the Edmonton Census
* }$ i9 T9 v+ W3 \! q0 KMetropolitan Area (CMA) increased by 40.3 per cent from September 2006 to 1,978 units. So far this year, total
6 W! C1 E, \7 dhousing starts have increased by 5.7 per cent over the numbers reported after three quarters of 2006.
Following a 37 per cent year-over-year increase in August, multiple dwelling starts in September jumped by 150 per
5 O& p. Q2 G+ h6 l, K. d0 Ocent over the same month last year to 1,306 units. The majority of September’s new multiples were condominium
8 W. X) h& N1 b/ f+ e* Capartments located in Edmonton, Spruce Grove, Strathcona County and Beaumont. For the year-to-date, multiple
unit starts across Metro have increased by one third over activity levels reported in the first nine months of 2006.
“Multi-unit builders in the CMA are poised to exceed 6,000 units for the first time since 1982,” noted Richard
, F+ \5 y/ f2 h. @$ d  QGoatcher, CMHC’s Senior Market Analyst for Edmonton.
, p7 M! T) X4 C8 V" W; `
For the third month in a row, single-detached starts in September fell below last year’s record-setting pace. Builders
+ O5 @0 B% }- _& x3 Z/ jpoured foundations for 672 units, representing a 24 per cent decline from September 2006. Single starts dropped by
18.5 per cent in the third quarter compared with the number of units started in July through September of 2006.
5 H' D. e7 t; A$ c3 x( c“Although single starts for the year-to-date are off by 11 per cent compared with 2006, the single-detached house
, x7 V4 @% A& Kbuilding industry is still expected to achieve the second best year on record,” added Goatcher.
) j5 }; M- ?# ]- W& U4 Z8 _Total housing starts in Alberta’s seven largest cities increased year-over-year in September by 33 per cent to 4,134
units. A major upswing in multiple dwelling units compensated for a combined 23 per cent pull-back in singledetached
2 Y% P$ J, n- m) I5 C/ Wstarts. Six of the seven cities reported gains over September of last year, with only Medicine Hat
  I& A( Q9 b% {0 Q  ]! j& P; ureporting a decline in total housing starts.

yj151