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$ z2 ^0 E- q" D J) e' G; XEDMONTON JOURNAL MAY 8, 20134 ^2 G- V# D1 }1 Z; j( R# |& \
Housing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.
5 F$ S( Y+ W" d; O- I+ `Photograph by: John Lucas, file , Edmonton Journal" k+ f9 S5 o, y- P$ _! S
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.) C2 u* d) X$ M: \& J; P; L
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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.
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4 j! T/ I# X. V4 d3 [“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.”0 R0 x0 |1 f0 {* A* M' D& n
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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.0 L0 H4 y+ k# z( l8 [$ J: q3 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. E5 G! z; x r6 }! X8 `1 y$ f2 N
$ b' P7 W# \/ `6 t+ iAcross Alberta, new home construction increased to 39,213 from 34,900 in March, said ATB Financial senior economist Todd Hirsch.
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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.- d% T8 M1 D- H1 a
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