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EDMONTON JOURNAL MAY 8, 2013
1 y, V1 D* ~& e: Z1 T+ EHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.8 k( o% Z6 L: T1 y
Photograph by: John Lucas, file , Edmonton Journal% C) Q8 d3 L2 W/ V$ p2 L! D1 _
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.5 `9 k* C. R5 d8 J7 ]/ h2 [
. m$ J9 t3 ^. q0 s2 i6 DBuilders 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.+ Z5 j9 z7 \; d: }! n
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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.
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( V4 c: |4 |5 |“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.”1 l! ~* n" X- _" a( T
! {- o; u/ h/ B0 s2 g ]2 O. o+ x% J( ]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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) M0 R5 |) v+ R' s% v/ EThe 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.+ h! W# X( B* u+ C; C- b
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Consumers remain confident despite a moderating pace of economic growth, he said.
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0 Q; z- u! `5 x" b. k1 b“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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