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1 U X$ \! b0 e8 v( s+ a- h9 uEDMONTON JOURNAL MAY 8, 20139 N% y0 Z* T; U0 _* y# j
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.; K% d+ E: T. m7 C( I
Photograph by: John Lucas, file , Edmonton Journal
2 e2 n) V% p, L1 E+ O: }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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8 s8 U, X) \1 `" c. v1 RBuilders 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.2 E3 g6 q4 T, _ G' ]2 [; ~( L8 z1 f
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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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8 b" O" }4 U- E s4 P* ~“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.”5 M( H5 |0 m" j. ? n
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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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9 O4 m$ @* \ ?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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. F' q$ p6 n+ l5 o4 a0 ]# i( vAcross 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.' J2 W9 Z, f( j' E
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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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