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( y+ F6 R( d) @: IEDMONTON JOURNAL MAY 8, 2013
6 c0 ?* _7 m9 g+ h0 b2 C+ oHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
9 d7 X% Z' x' ~3 ]2 h mPhotograph by: John Lucas, file , Edmonton Journal9 B( {( j ?/ p7 E: V& _* r" Z2 X
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.) j# ]4 B9 w4 ?, X* d0 A4 m" v8 u
( I9 x1 b( x% x3 DHousing 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.# U- n |; l0 ^- c
, I6 ~* x s/ z# ^" I5 h8 l* y“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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2 Z+ h) g$ ?& a/ _+ X. _* |( 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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& {7 e8 {5 `$ T# DAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.- O0 I/ c, g j7 p% Q1 x
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Consumers remain confident despite a moderating pace of economic growth, he said.
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# V8 Y) Z, X( ^# X5 F0 Q" l' T“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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3 h: x1 j, c' Q* T; O© Copyright (c) The Edmonton Journal |
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