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EDMONTON JOURNAL MAY 8, 2013
1 v3 T1 _8 Y2 o T/ z s9 vHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.' Q0 }/ ~. o8 a4 C, Z6 p
Photograph by: John Lucas, file , Edmonton Journal
9 U! l- { A! S+ ]+ {2 v1 FEDMONTON - 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.' s+ K4 D0 O' u3 N
8 r8 h" Q* e: \: @ OBuilders 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.
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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.”5 `& e0 E3 s" o& q& y: w
$ O; W: l1 p! t6 T* l! wIn 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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% p! w% ^; z0 V! d) b* T ?8 hThe CMHC said housing starts in Calgary were trending at 11,323 units in April compared with 11,242 in March.
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/ k8 m' H0 t* SAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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% J" w& e* Q. A5 tConsumers remain confident despite a moderating pace of economic growth, he said.
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2 S$ `2 E9 M8 k6 N( K" l1 C' A/ x“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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; \+ Y- T+ a1 U/ G© Copyright (c) The Edmonton Journal |
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