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; L8 D, S/ E8 u. d+ h% bEDMONTON JOURNAL MAY 8, 2013
6 e# k2 b& H h- {7 A2 V, SHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
1 N4 |% J( d8 G' a* |" k' IPhotograph by: John Lucas, file , Edmonton Journal
+ `1 V1 N0 G; \8 t5 \! kEDMONTON - 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.
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/ U" _. F x, Y8 F7 h1 X) |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.2 n; @4 @; X* S; d& n' @
3 m4 l* }( j# o5 M! X, _! C% {3 [“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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- `: n# G# V: f, LIn 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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( s; k& ]1 ]8 z0 {0 x4 kThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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4 h& ~+ U2 F2 d8 ], Q6 i: e4 l% iAcross 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.
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- ?# M8 I9 P. s' Y4 d“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.8 D& S' t9 c3 A/ g# X6 M' Q
# C6 O$ ~# A" u% B2 h7 v© Copyright (c) The Edmonton Journal |
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