January's housing starts decline



    OTTAWA, Feb. 9 /CNW Telbec/ - The seasonally adjusted annual rate(1) of
housing starts declined to 153,500 units in January from 172,200 units in
December of 2008, according to Canada Mortgage and Housing Corporation (CMHC).
    "To a certain extent, the decline in housing starts coincides with recent
developments in the existing home market. Reduced sales and increased listings
in the existing home market have led to reduced spillover demand in the new
home market," said Bob Dugan, Chief Economist.
    The seasonally adjusted annual rate of urban starts decreased 15.6 per
cent to 126,700 units in January. Urban multiple starts decreased 12.2 per
cent to 76,700 units, while urban single starts fell 20.2 per cent to 50,000
units in January.
    January's seasonally adjusted annual rate of urban starts moderated in
all of Canada's five regions. Urban starts declined 8.6 per cent in Atlantic
Canada, 1.4 per cent in Quebec, 14.6 per cent in Ontario, 30.3 per cent in the
Prairies, and 29.1 per cent in British Columbia.
    Rural starts were estimated at a seasonally adjusted annual rate of
26,800 units in January(2).
    Actual starts in rural and urban areas combined decreased by an estimated
29.2 per cent in January this year compared to relatively high levels in
January last year. Actual starts in urban areas have decreased by an estimated
40.4 per cent compared to the same month in 2008. Actual urban single starts
for 2009 are 44.2 per cent lower than they were a year earlier while urban
multiple starts are down 38.1 per cent.
    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.

    Please click below to view the Housing Starts in Canada - All areas chart
    http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-02-09-0815.cfm

    
    --------------------------------------
    (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
                                      ---------------------------------------
                                       January   January  December   January
                                         2008      2009      2008      2009
    -------------------------------------------------------------------------
                                         Final     Preli-    Final     Preli-
                                                  minary              minary
    -------------------------------------------------------------------------
    Canada, all areas                   12,918     8,287   172,200   153,500
      Canada, rural areas                  765     1,043    22,100    26,800
      Canada, urban centres(xx)         12,153     7,244   150,100   126,700
        Canada, singles, urban centres   4,505     2,512    62,700    50,000
        Canada, multiples,
         urban centres                   7,648     4,732    87,400    76,700

        Atlantic region, urban centres     385       348     8,100     7,400
        Quebec, urban centres            2,330     2,021    36,700    36,200
        Ontario, urban centres           4,254     2,873    60,300    51,500
        Prairie region, urban centres    2,881     1,077    25,100    17,500
        British Columbia,
         urban centres                   2,303       925    19,900    14,100
    -------------------------------------------------------------------------
    Source: 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: Julie Girard, CMHC Media Relations, (613)
748-4684, Cell: (613) 295-6330, jagirard@cmhc-schl.gc.ca; Stéphanie Bento,
CMHC Media Relations, (613) 748-2811, Cell: (613) 808-9670,
sbento@cmhc-schl.gc.ca; For regional starts: 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, rcorrive@cmhc-schl.gc.ca;
British Columbia: Carol Frketich, CMHC, (604) 737-4067,
cfrketic@cmhc-schl.gc.ca


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