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EDMONTON JOURNAL MAY 8, 2013- O; w5 G6 | P3 J0 Z4 R4 b0 |
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
8 T8 m u4 s; ?: _% QPhotograph by: John Lucas, file , Edmonton Journal/ J( m3 }+ B( J' m# e1 @
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.
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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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3 O8 }0 Y- \1 o“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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4 U' Q: A; c sIn 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.' i7 K. {0 ?7 d: U
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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.. X. ]3 R; ]) R0 M# Q- i1 K( s3 l6 K
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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.9 N6 S% w! K( S4 p
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Consumers remain confident despite a moderating pace of economic growth, he said.
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+ H, w: _2 V5 Y% o3 X. ]( c“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.0 T3 g0 H# O0 y! q) m
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