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EDMONTON JOURNAL MAY 8, 2013
* @3 M) C1 ]% o# H# d& f. j9 [Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier. l' W; g- T6 w
Photograph by: John Lucas, file , Edmonton Journal
: X7 ~4 i% W- K: ~$ l7 s4 d& i- {% Q! hEDMONTON - 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.5 z# o2 G4 f) @; P! j; E% a
: M1 }5 m5 c/ W: mHousing 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.4 M9 s' s3 \, J$ R% j) X- ]
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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.”& l( \1 k1 F6 h% ^" @0 N% Y8 Q
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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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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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Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.& S1 M. W- H- R \' Y ~5 R
0 w( e( u' b$ G E; lConsumers remain confident despite a moderating pace of economic growth, he said.& W3 e+ x7 j- o" d/ E3 r' N
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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." H- t) N X p5 S
. P2 [& D3 S$ I( j© Copyright (c) The Edmonton Journal |
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