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EDMONTON JOURNAL MAY 8, 20138 I4 [4 W& ?. f) G/ ~
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
: U& a4 p `% @: ~; t( VPhotograph by: John Lucas, file , Edmonton Journal0 J5 _ V: w w
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.1 S! Z0 b( V7 z0 C: J2 B+ x- m
* p6 w- t# @5 q( m3 ?& j- D* 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., L3 `8 V2 N; Z) d# f" [
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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.” H' A3 o6 d4 E$ q8 T9 q" L
, F6 Q' z8 P5 Z9 v" NIn 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.7 v: l" [! \# b4 L" K! T$ R X7 h
, n; K; w* c; K/ rThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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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./ ^. h$ m9 n+ n& n1 v
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Consumers remain confident despite a moderating pace of economic growth, he said.
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\6 [0 g! T2 u% d3 {“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.6 N+ k, N& z z
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