Housing starts increase in May



    OTTAWA, June 8 /CNW Telbec/ - The seasonally adjusted annual rate(1) of
housing starts increased to 128,400 units in May from 117,600 units in April,
according to Canada Mortgage and Housing Corporation (CMHC).
    "The increase in May is broadly based, encompassing both the singles and
multiples segments," said Bob Dugan, Chief Economist at CMHC's Market Analysis
Centre.
    Housing starts are expected to improve throughout 2009 and over the next
several years to gradually become more closely aligned to demographic demand,
which is currently estimated at about 175,000 units per year.
    The seasonally adjusted annual rate of urban starts increased 11.1 per
cent to 107,800 units in May. Urban multiple starts increased 11.1 per cent to
60,900 units, while urban single starts also moved up by 11.1 per cent to
46,900 units in May.
    May's seasonally adjusted annual rate of urban starts increased 22.0 per
cent in Ontario, 16.8 per cent in the Prairies, 7.3 per cent in Atlantic
Canada, and 3.3 per cent in Quebec. Urban starts declined 5.0 per cent in
British Columbia.
    Rural starts were estimated at a seasonally adjusted annual rate of
20,600 units in May(2).

    As Canada's national housing agency, CMHC draws on more than 60 years of
experience to help Canadians access a variety of quality, environmentally
sustainable, and affordable homes - homes that will continue to create vibrant
and healthy communities and cities across the country.

    
    ---------------------------
    (1) All starts figures in this release, other than actual starts, are
        seasonally adjusted annual rates (SAAR) - that is, monthly figures
        adjusted to remove normal seasonal variation and multiplied by 12 to
        reflect annual levels.
    (2) CMHC estimates the level of rural starts for each of the three months
        of the quarter, at the beginning of each quarter. During the last
        month of the quarter, CMHC conducts the survey in rural areas and
        revises the estimate.

    For more information, visit www.cmhc.ca or call 1-800-668-2642.

    This release is also available on the CMHC Web site:
    http://www.cmhc-schl.gc.ca

    (Ce document existe également en français)


                     Housing Starts, Actual and SAAR(*)

                           --------------------------------------------------
                                        Actual                     SAAR
                           --------------------------------------------------
                                   May          May        April          May
                                  2008         2009         2009         2009
    -------------------------------------------------------------------------
                                 Final  Preliminary        Final  Preliminary
    -------------------------------------------------------------------------
    Canada, all areas           21,908       12,604      117,600      128,400
    Canada, rural
     areas                       2,686        2,236       20,600       20,600
    Canada, urban
     centres(xx)                19,222       10,368       97,000      107,800
      Canada, singles,
       urban centres             8,568        4,939       42,200       46,900
      Canada, multiples,
       urban centres            10,654        5,429       54,800       60,900

      Atlantic region,
       urban centres             1,094          760        6,800        7,300
      Quebec, urban
       centres                   4,659        3,594       33,100       34,200
      Ontario, urban
       centres                   6,570        3,665       34,100       41,600
      Prairie region,
       urban centres             3,819        1,540       13,100       15,300
      British Columbia,
       urban centres             3,080          809        9,900        9,400
    -------------------------------------------------------------------------
    Sorce: CMHC
    (*)  Seasonally adjusted annual rates
    (xx) Urban centres with a population of 10,000 and over.
         Detailed data available upon request.
    




For further information:

For further information: Kristen Scheel, CMHC Media Relations, (613)
748-2799, Cell: (613) 316-2949, kscheel@cmhc-schl.gc.ca; For regional starts
information contact: Atlantic provinces: Alex MacDonald, CMHC, (902) 426-8964,
amacdona@cmhc-schl.gc.ca; Quebec: Kevin Hughes, CMHC, (514) 283-4488,
khughes@cmhc-schl.gc.ca; Ontario: Ted Tsiakopoulos, CMHC, (416) 218-3407,
ttsiakop@cmhc-schl.gc.ca; Prairie provinces: Richard Corriveau, CMHC, (403)
515-3005; British Columbia: Carol Frketich, CMHC, (604) 737-4067,
cfrketic@cmhc-schl.gc.ca


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