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Edmonton housing starts moved higher in August – CMHC

Edmonton, September 11, 2012 – According to preliminary figures released today by Canada Mortgage and Housing Corporation (CMHC), housing starts in the Edmonton Census Metropolitan Area (CMA) increased in August to 918 units from 805 starts in August 2011. From January to August 2012, housing starts totalled 7,821 units, up from the 5,890 units recorded in the first eight months of 2011.

“Employment and net-migration continued to drive housing starts in the Edmonton CMA. Spill-over demand from the resale market also contributed to higher level of starts in August,” said David Lan, CMHC’s Senior Market Analyst for Edmonton.

Single-detached housing starts in the Edmonton CMA increased nine per cent in August to 540 units, up from 494 units a year earlier. Year-to-date, 3,717 single-detached units began construction, up 16 per cent from the 3,199 units started in the same period in 2011. Within the City of Edmonton, 352 single-detached units were started, representing an increase from the 313 units started in August 2011.

Multi-family starts, which consist of semi-detached units, rows, and apartments, totalled 378 units in August, compared to 311 units a year earlier. The majority, 80 per cent, occurred within the City of Edmonton. On a year-to-date basis, multi-family housing starts in the Edmonton CMA reached 4,104 units, compared to 2,691 units started in the corresponding period in 2011.

As Canada’s national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

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