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) W+ W ^# K) }" J3 v1 i1 O/ L* D- YEDMONTON JOURNAL MAY 8, 20133 l) E) v8 f0 |& p
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
/ x4 h6 ~9 M/ ^3 g* O. LPhotograph by: John Lucas, file , Edmonton Journal
8 C2 v0 l/ J4 bEDMONTON - 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 i7 u8 W$ d6 c. w) a4 w
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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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, P2 P0 N5 Q8 @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., V) R$ t6 ]. Z) y; N9 ~" }2 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.”, m3 u o- o6 b9 Z$ y& D
* q" Z* z4 {/ |- R5 mIn 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.# M1 Y" N% @/ s4 q
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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.6 h& [% e7 V) W$ O% `
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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.$ k+ D% o* R# B' _; U1 W8 z
- }: F. M6 H" s/ g( w" Q/ H( {; GConsumers remain confident despite a moderating pace of economic growth, he said." M9 T) U2 Q6 G, |8 W
% M: K& x9 L! `' V“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.4 E& D8 t) M F$ ]% M# M/ L# P
1 P$ }/ M& z9 o" g. @© Copyright (c) The Edmonton Journal |
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