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EDMONTON JOURNAL MAY 8, 20138 h; g$ z0 L. n; `
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.# B3 Y- }$ E, [5 y! V7 }" `
Photograph by: John Lucas, file , Edmonton Journal
& Z* W) @+ c7 k0 L& [% eEDMONTON - 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.9 ^$ x9 N( f0 S) L
V: H W- J- I* IHousing 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.' m0 z! j7 J( N* h) m
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“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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" B' ^8 F) G2 C: [9 @3 [5 g! q$ ?0 kIn 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.6 W, L9 J( }' x& O
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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.$ @- P4 @% i ?) v0 v7 E) D
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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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- k0 s4 Z2 [* a5 X$ t' o) [Consumers remain confident despite a moderating pace of economic growth, he said.
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+ ~( |& F$ y, V4 q# Q9 m7 ^: D' o“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.% F5 g" f9 x* g) K) w8 K
5 Z6 S! m# n% h6 p5 J- V6 |© Copyright (c) The Edmonton Journal |
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