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u6 |6 P- V' LEDMONTON JOURNAL MAY 8, 2013: S; D) }4 A9 \/ v* i
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.6 k7 S$ Q. X+ K! \2 C. K
Photograph by: John Lucas, file , Edmonton Journal8 @ r" p' M4 n a( ^
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.1 H% M [/ R- Z. K" B5 j9 ?- Y% M
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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. }9 v) }5 X& N8 z: u$ J9 l
* h) E( s- B2 n0 DHousing 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.! W0 ]" v" i6 y
6 \0 l. V# M* V“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.”% ]" `% I f9 c7 v5 \! G
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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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! N: b) _. s* @: hThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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+ `( V; G" e0 Z- _Across 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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& o8 y1 B' O H( x* w% \9 `“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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/ k0 x1 \/ @/ t( S© Copyright (c) The Edmonton Journal |
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