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8 F6 ]; Z( [5 X0 a7 mEDMONTON JOURNAL MAY 8, 2013/ S# l$ I* P, I, U2 N( R
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
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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.$ k" C! k- T, z7 M2 b# p
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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.% }9 @6 b0 V. k) E! e
0 g; D" L. N! N+ P# I: @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.( Y4 {: J( \/ \9 B- i; t
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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.! V( W- I8 L" N& Q4 `
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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.
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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.
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( ~" F4 W5 U6 v% @9 {Consumers remain confident despite a moderating pace of economic growth, he said.
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“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.* @- G2 f: q9 Q) @- X
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