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9 g# j O: Q. c7 ~" k6 x3 v Q d& GEDMONTON JOURNAL MAY 8, 2013) D$ [; k3 ? p, l; @) @- @
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
) J' |% K. D" n6 s# ^6 uPhotograph by: John Lucas, file , Edmonton Journal. a) c0 V- Q- X9 D7 }
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.) I7 I4 W0 U* S* z3 u2 q$ u0 E
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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 c: L4 y6 y5 O4 u: e; u
: E- m( j" w" T- j; o: E' AHousing 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.+ a, Y3 t5 W2 j4 H1 Q' |
) |; H% y9 @9 n6 A“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.”; Q8 {- d" J$ ^
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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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5 f% S& r/ \2 v. h* B9 @9 U) n! vThe 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.
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5 c4 l# _ H5 t: zConsumers remain confident despite a moderating pace of economic growth, he said.0 ?7 `7 t, [4 B! C7 x
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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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6 Q$ H' y- H& d) C* j© Copyright (c) The Edmonton Journal |
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