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August 2014 Edmonton housing starts
Housing starts in the Edmonton Census Metropolitan Area (CMA) were trending at 13,879 units in August compared to 13,213 in July, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of total housing starts.
"The trend in total housing starts moved higher in August due to an increased pace of multi-family units. Elevated migration and a low vacancy rate have prompted builders to increase production, particularly in the apartment segment," said Christina Butchart, CMHC's Senior Market Analyst for Edmonton.
Read the full article here.
Housing starts in the Edmonton Census Metropolitan Area (CMA) were trending at 13,879 units in August compared to 13,213 in July, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of total housing starts.
"The trend in total housing starts moved higher in August due to an increased pace of multi-family units. Elevated migration and a low vacancy rate have prompted builders to increase production, particularly in the apartment segment," said Christina Butchart, CMHC's Senior Market Analyst for Edmonton.
Read the full article here.