Quebec housing starts decline in January



    MONTREAL, Feb. 9 /CNW Telbec/ - The results of the monthly starts survey
conducted by Canada Mortgage and Housing Corporation (CMHC) in centres with
10,000 or more inhabitants indicate that residential construction declined in
Quebec this past month. In all, 2,021 housing units were started in January,
compared to 2,330 a year earlier. However, the seasonally adjusted annual rate
recorded in January was similar to December's pace. "The decrease in activity,
and the extent of this decrease, were expected and are in line with our
forecasts," said Kevin Hughes, Senior Economist at CMHC for Quebec.
    In the census metropolitan areas (CMAs), starts fell by 18 per cent in
January (1,675 units in 2009, compared to 2,044 in 2008). Most CMAs sustained
declines during this period; in particular, the Québec area registered a
volume well below the level recorded a year earlier. It was a completely
different story in the larger census agglomerations (CAs), as four of the five
larger CAs posted gains (for an overall hike of 46 per cent), thanks to the
growth in the multiple-unit housing category (see table).
    In the case of single-detached home building, the January result (480
starts) was down by 25 per cent from the same month last year. With the
exception of the Sherbrooke area, where the situation remained relatively
unchanged, all CMAs registered significant declines (see table). The larger
CAs, for their part, recorded a decrease of 19 per cent.
    As for multiple-family (semi-detached, row and apartment) housing
construction, the survey results revealed that starts in this segment fell
less significantly (-9 per cent) than in the single-detached home segment.
Paradoxically, half of the CMAs and all of the larger CAs posted gains
compared to January 2008. The decline resulted from a major drop in the Québec
area (see table).
    Still according to the survey results, there were fewer freehold and
rental housing starts, while condominium construction was up over January
2008.

    Canada Mortgage and Housing Corporation (CMHC) has been Canada's national
housing agency for more than 60 years. CMHC is committed to helping Canadians
access a wide choice of quality, affordable homes, while making vibrant,
healthy communities and cities a reality across the country. For more
information, visit www.cmhc.ca or call 1-800-668-2642.


    
       Preliminary Results - Monthly Starts Survey - Province of Quebec
                        (centres with 10,000+ inhab.)

                                   January

                          Singles           Multiples            Total
                     2008   2009    %   2008   2009    %    2008   2009    %
                   ------------------- -----------------  ------------------

    Centres with 100,000+ inhab.

    GATINEAU           92     62  -33    201    188   -6     293    250  -15
    MONTREAL          276    200  -28    916    953    4   1,192  1,153   -3
    QUEBEC             86     50  -42    325     50  -85     411    100  -76
    SAGUENAY            8      6  -25      2     12   (*)     10     18   80
    SHERBROOKE         43     47    9     22     83   (*)     65    130  100
    TROIS-RIVIERES     26     12  -54     47     12  -74      73     24  -67

    Sous-total
     (100 000 et
     plus)            531    377  -29  1,513  1,298  -14   2,044  1,675  -18

    Centres with 50,000 to 99,999 inhab.

    DRUMMONDVILLE      24     18  -25      4     23   (*)     28     41   46
    GRANBY             23     18  -22     29     58  100      52     76   46
    SAINT-HYACINTHE     9      3  -67     14     20   43      23     23    0
    SAINT-JEAN-SUR-
     RICHELIEU          3      8   (*)     0      0    0       3      8   (*)
    SHAWINIGAN          0      1   (*)     0      6   (*)      0      7   (*)

    Sous-total
     (50 000 à
     99 999)           59     48  -19     47    107   (*)    106    155   46

    Quebec
     (estimate
     10,000+)         643    480  -25  1,687  1,541   -9   2,330  2,021  -13

    (*) Absolute value greater than 100%
    




For further information:

For further information: Province of Quebec: Kevin Hughes, Senior
Economist, (514) 283-4488: Montréal: Bertrand Recher, Senior Market Analyst,
(514) 283-2758; Sherbrooke (Estrie): Francis Cortellino, Market Analyst, (514)
283-8391; Québec: Elisabeth Koulouris, Senior Market Analyst, (418) 649-8098;
Trois-Rivières (Mauricie): Marie-Elaine Denis, Market Analyst, (418) 649-8100;
Gatineau (Outaouais, Abitibi): Patrice Tardif, Senior Market Analyst, (514)
283-2097; Saguenay: Frédéric Brie, Market Analyst, (418) 649-8102


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890