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- L' e+ o- l2 b aEDMONTON JOURNAL MAY 8, 2013
8 l1 v. ^+ l) Q( L! }9 DHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.+ _! r u: r- q9 r
Photograph by: John Lucas, file , Edmonton Journal- w& d, F# k0 q6 M" `9 O
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.6 @% B0 C3 a% J4 R6 J7 S: j
9 Q& ^& t0 t9 L, h, W8 qBuilders 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.
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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.& c7 F- k; ^. O( s0 d. u9 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.”
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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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8 B$ O5 \# c9 T4 Z* h/ xThe 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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Consumers remain confident despite a moderating pace of economic growth, he said., p9 m# k! i( N* _% H! _! |& E8 A
( }0 b4 O( V E4 Z“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.2 A- ~7 `. p( x/ n& R
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