Housing starts declined modestly in March



    CHARLOTTETOWN, April 11 /CNW/ - Residential construction in urban centres
of the province declined in March, according to figures released today by
Canada Mortgage and Housing Corporation (CMHC).  Preliminary data indicate
that a total of 8 starts were reported in March compared to 9 starts in the
same period last year.
    "The slight drop in residential activity in March was due to a decreased
level of multiple starts in the Charlottetown area", said Jason Beaton, Market
Analyst with CMHC for Prince Edward Island.  Single starts in Charlottetown
reached 7 units in March 2007, up from 6 units last year.  During the same
period no multiple starts were recorded in Charlottetown down from 2 units in
2006.  "Residential starts are expected to remain strong throughout 2007,
although they are not expected to reach last year's level", continued Beaton.
    In urban centers across Canada, total housing starts in March decreased
by 17 per cent, down to 12,581 from last year's total of 15,181.
Single-detached starts declined to 5,537 units compared to 6,219 in 2006,
while multiple unit starts declined 21 per cent from 8,962 last year to
7,044 units this year.  In the Atlantic region, 169 starts were recorded in
March 2007 compared to 279 units during the same period in 2006.

    
    1. Figures for the most recent month are preliminary and subject to
       revisions due to corrections or updates from quarterly enumeration or
       sampling results.

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                         PRINCE EDWARD ISLAND SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                      2007      2006                  YEAR-TO-DATE
                      --------------  % Change      --------------  % Change
                       MAR       MAR                2007      2006
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000
    -------------------------------------------------------------------------
    CHARLOTTETOWN CA
    Single               7         6     16.7%        20        43    -53.5%
    Multiple             0         2        ##         2        87    -97.7%
    TOTAL                7         8    -12.5%        22       130    -83.1%
    -------------------------------------------------------------------------
    SUMMERSIDE CA
    Single               1         1      0.0%         2         4    -50.0%
    Multiple             0         0         -         8         4        ##
    TOTAL                1         1      0.0%        10         8     25.0%
    -------------------------------------------------------------------------
    ALL CENTRES*
    Single               8         7     14.3%        22        47    -53.2%
    Multiple             0         2        ##        10        91    -89.0%
    TOTAL                8         9    -11.1%        32       138    -76.8%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    ## Indicates changes in excess of 100% which are not reported due to
       volatility resulting from small absolute numbers.


    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                 PRELIMINARY URBAN QUARTERLY HOUSING STARTS
                         PRINCE EDWARD ISLAND SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                      2007      2006                  YEAR-TO-DATE
                      --------------  % Change      --------------  % Change
                        Q1        Q1                2007      2006
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000
    -------------------------------------------------------------------------
    CHARLOTTETOWN CA
    Single              20        26    -23.1%        20        26    -23.1%
    Multiple             2        87    -97.7%         2        87    -97.7%
    TOTAL               22       113    -80.5%        22       113    -80.5%
    -------------------------------------------------------------------------
    SUMMERSIDE CA
    Single               2         4    -50.0%         2         4    -50.0%
    Multiple             8         4        ##         8         4        ##
    TOTAL               10         8     25.0%        10         8     25.0%
    -------------------------------------------------------------------------
    ALL CENTRES*
    Single              22        30    -26.7%        22        30    -26.7%
    Multiple            10        91    -89.0%        10        91    -89.0%
    TOTAL               32       121    -73.6%        32       121    -73.6%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    ## Indicates changes in excess of 100% which are not reported due to
       volatility resulting from small absolute numbers.

    Data for 2006 on 2001 Census Definitions.
    Data for 2007 on 2006 Preliminary Census Definitions.
    




For further information:

For further information: Jason Beaton, Market Analyst - Prince Edward
Island, Canada Mortgage and Housing Corporation, (506) 851-6047


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