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. b, Q6 d m, t9 K+ F8 tEDMONTON JOURNAL MAY 8, 2013
$ T4 ?" f9 w4 [+ U5 m, w3 [* l, [& @+ \Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.2 B( W0 W& K: ~8 f; Q
Photograph by: John Lucas, file , Edmonton Journal
8 e: H H: o" X: iEDMONTON - 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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; H. c7 [' D$ F# a1 K7 LBuilders 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., Q' I& b; v" [9 q5 ]" B
( u6 h! k, u$ W; C8 U1 B9 ]“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.”! Z' ]# v | _% a/ Q) d
$ z' f @6 r2 t, U! y& [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." `' [3 j+ @) L9 m* d
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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.! Z; s& j: X3 q
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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.7 Q6 ` m5 v1 l' z7 A
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Consumers remain confident despite a moderating pace of economic growth, he said.
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; N' W. ?& k5 y% }' Y8 H“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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