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- U. L9 \% e& Q; i. R0 l% @& i% Q5 WEDMONTON JOURNAL MAY 8, 2013
& W4 @. N6 F9 W. k5 w( ~# k3 ZHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
5 Y- \. j/ h0 A" A# JPhotograph by: John Lucas, file , Edmonton Journal( d$ o9 K E- a. p; p
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.7 s' v1 h# q7 h3 K: c) m/ M
$ \) j. x2 k0 J/ x& g- r7 V: MHousing 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.3 _8 E" e1 \( H6 t1 q( t' K
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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.”; [5 r1 G3 D' D
9 h. R6 t5 Q. @8 w6 `- o' BIn 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.+ W* H* k, O6 @$ [$ e2 X
4 @% \! V2 c3 p" J# q9 OThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.: G- V" z6 _$ w5 m+ [1 s
& n8 j; @& g r) @9 QAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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5 _& X6 j# ?6 U( K) hConsumers remain confident despite a moderating pace of economic growth, he said.
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5 K. p5 R: I1 t7 m2 q1 {' J, Y“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.& C5 h. I2 I8 X" n* E
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