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EDMONTON JOURNAL MAY 8, 20133 t* O* T! e7 ?. b0 k0 g) ~6 ~
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.3 H7 x4 y& Q7 |' k' ~8 t
Photograph by: John Lucas, file , Edmonton Journal
$ V, p/ v4 V: t; i* E) ~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.7 z% H Q" V6 `- N5 M+ a
( F* n; L8 T! ~1 a' {* qHousing 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.8 W' n7 z4 A3 m6 _ } ?) q( B3 f
( s( G/ H4 }3 J7 h: }9 C0 F$ @“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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* w: O2 R8 _0 p c$ ~: I S( WIn 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./ d$ c! C: [) C
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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.
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; D2 ~6 \8 x2 l$ p- F3 U0 CAcross 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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K8 v" @6 v& S4 C' N7 `# y“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., l( h k: v' u
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