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EDMONTON JOURNAL MAY 8, 2013
6 A; b- n1 q- i8 S# {Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.; c' M( f8 x5 Y7 `
Photograph by: John Lucas, file , Edmonton Journal: y1 R# F/ N4 s1 Y/ y r2 |9 ?/ K
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.
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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.! C+ t; S2 J( I! R0 Y6 E; Y
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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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2 @6 p$ k) n+ u! z! l$ g" ~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.2 D4 [7 ]9 t7 k+ }
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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.& v% U; m) U, _: o
! O; U! \* j( C; P6 M0 \Across Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.: G4 l! y& T4 K; j
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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.* b4 @ U: u( p0 j* X: ?
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