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$ z% x/ g! L( j3 e# B" WEDMONTON JOURNAL MAY 8, 2013
/ Y1 _: d. C, r, C7 b, a6 {Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
9 F6 q# s7 M7 s3 p( M. C, YPhotograph by: John Lucas, file , Edmonton Journal
4 W1 c: s* S r! ]5 \, C" ?+ P* jEDMONTON - 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.* T4 o# ]$ E' J& q& A
9 Z$ D7 n3 ~. H8 P( s) ?# ^8 WBuilders 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.. c! t) B2 n% q" W. }" z
( i7 @% d, H& P3 n, W- nHousing 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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“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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9 ~* o5 g4 G6 X! J! {The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.4 J. ^* x7 F Y- B! t: ^
& y0 a& Q7 @, w( j2 J5 K- v/ ?# sAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.7 i7 p: U% A' W# I& Q
& | f8 z: q! B5 b/ W b) W) W4 gConsumers remain confident despite a moderating pace of economic growth, he said.
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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.! o* Z3 m" l. K# T$ J0 |* ] d+ _
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