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EDMONTON JOURNAL MAY 8, 2013
& V1 X: }4 B, P8 xHousing starts in the Edmonton census metropolitan area totalled 1,503 during April, compared to 967 a year earlier.$ W# m/ T. t6 ~- W2 l4 @0 R
Photograph by: John Lucas, file , Edmonton Journal3 C* d6 F$ O9 p4 R4 V6 y; z* o
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.# @; G) m7 u; G+ \( K
( s4 {$ F+ |) m$ @' Z0 QBuilders 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.6 V, C- Y& g: A5 I' T) R
. |: N7 Q- w. F: s k! r- |7 c z“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.”5 b( O. A, |4 ?* Q( D' v
0 P4 q8 w5 K2 j9 R3 `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.
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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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* R! B5 j8 I/ g& u* G: O, _Consumers remain confident despite a moderating pace of economic growth, he said.& ~8 R6 @* r& W/ b9 Q8 p( J' Q
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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. O4 `+ o2 \0 u) q8 p# O5 W
1 V6 d8 `$ c' |3 T3 h k- z© Copyright (c) The Edmonton Journal |
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