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1 ?, I) I. Q$ zEDMONTON JOURNAL MAY 8, 2013& n% g( k; H* Z/ a! h, u
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
6 M+ T0 Y& T8 L1 [Photograph by: John Lucas, file , Edmonton Journal
0 |$ Y% x u g7 }' A/ B% mEDMONTON - 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.9 \/ l: N& O* h; k% |6 s0 y+ a
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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.6 B( ]' m: R7 u: \6 U( ~6 I! \
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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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“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.- h( A* { E& g }* T
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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.4 R* |9 I* R; }1 P
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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.
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7 u& @8 W7 Q7 N2 z% {; }- i9 _Consumers 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.
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