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( P$ D% K# K# C$ Y' h$ GEDMONTON JOURNAL MAY 8, 2013" g/ B0 k. V' y
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
4 Z. `. F: N9 W; aPhotograph by: John Lucas, file , Edmonton Journal
" U0 d2 ` v( z9 h2 f7 A; lEDMONTON - 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.4 N1 Z- D* t% J9 c7 J, k, b$ V% z
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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.
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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.6 U' `4 k0 ?3 n. h
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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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The CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.0 h; K) ^! A8 r" |
1 U9 j Z+ \6 a3 Y3 ^7 J- tAcross 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.; ^2 y! q: |' Q- M+ ?/ N
8 }' w/ k* z1 E, }# @“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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4 f; J. {; {1 S6 @2 u- H" @© Copyright (c) The Edmonton Journal |
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