Quebec housing starts down in June



    MONTREAL, July 9 /CNW Telbec/ - According to the latest monthly starts
survey conducted by Canada Mortgage and Housing Corporation (CMHC),
residential construction was down this past month in centres with 10,000 or
more inhabitants across Quebec. In total, 3,706 housing units were started in
June. This latest total represents a 11 per cent drop compared to the same
month a year ago. The seasonally adjusted annualized rate was down by
12 per cent compared to the month of May. June's result brings year-to-date
housing starts to 20,422, up by 4 per cent compared to the first 2 quarters of
2007. "We have observed a slowdown during the second quarter, however it was
expected given the strong pace of housing starts during the same period a year
ago" stated Kevin Hughes, Regional Economist at CMHC.
    With the exception of the Sherbrooke region, all census metropolitan
areas (CMA) recorded a drop in housing starts in June. During this same
period, starts in agglomerations of 50,000 to 99,999 inhabitants were up by
12 per cent, thanks to increases in the agglomerations of Drummondville,
Granby and Shawinigan. During the second quarter, the number of housing starts
was up by 23 per cent in agglomerations of 10,000 to 49,999 inhabitants (see
table).
    Starts of single detached homes were down by 7 per cent compared to June
2007, as 4 out of the six CMAs recorded losses. According to the June survey,
the Montréal (-23 per cent), Gatineau (-32 per cent) and Trois-Rivières
(-34 per cent) areas registered the most notable declines. Whereas starts were
relatively stable in the Québec area, they were up in the Sherbrooke CMA
(37 per cent) compared to the same month a year ago. After two quarters, the
total is down by 6 per cent compared to the same period a year ago.
    Starts of multi-family dwellings (semi-detached and row housing as well
as apartments) also decreased (-14 per cent) from the same month a year ago.
While the number of starts was stable in the Gatineau and Sherbrooke regions,
the June total was down in the other CMAs (see table). "The decline in
multi-family starts continues to be attributable to a notable drop in starts
aimed at the rental market. On the other hand, new construction of
condominiums was up again in June," added Kevin Hughes.

    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.)

                                     June

                   Single-Detached           Others               Total
                  2007   2008    %     2007   2008     %    2007   2008    %
                 -----------------    ------------------  ------------------

    Centres with 100,000+ inhab. (June)

    GATINEAU       115     78  -32      152    153     1     267    231  -13
    MONTREAL       849    657  -23    1,310  1,074   -18   2,159  1,731  -20
    QUEBEC         239    241    1      444    386   -13     683    627   -8
    SAGUENAY        65     60   -8       17     14   -18      82     74  -10
    SHERBROOKE      67     92   37       85     86     1     152    178   17
    TROIS-
     RIVIERES       53     35  -34       56     36   -36     109     71  -35

    Subtotal
     (100,000+)  1,388  1,163  -16    2,064  1,749   -15   3,452  2,912  -16


    Centres with 50,000 to 99,999 inhab. (June)

    DRUMMONDVILLE   32     50   56        7     18  (xxx)     39     68   74
    GRANBY          50     43  -14       23     76  (xxx)     73    119   63
    SAINT-
     HYACINTHE(*)   10     20  100       26     15   -42      36     35   -3
    SAINT-JEAN-
     SUR-RICHELIEU  36     30  -17      122     63   -48     158     93  -41
    SHAWINIGAN       8     28 (xxx)       0      8  (xxx)      8     36 (xxx)

    Subtotal
     (50,000 to
     99,999)       136    171   26      178    180     1     314    351   12


    Centres with 10,000 to 49,999 inhab. (2nd Quart.)

    ALMA            18     55 (xxx)      12     25  (xxx)     30     80 (xxx)
    AMOS             6     18 (xxx)       0      4  (xxx)      6     22 (xxx)
    BAIE-COMEAU      4      8  100        0      0     0       4      8  100
    COWANSVILLE     15     20   33        3      4    33      18     24   33
    DOLBEAU-
     MISTASSINI      5     15 (xxx)       4      6    50       9     21 (xxx)
    GASPE           25     26    4        2     26  (xxx)     27     52   93
    JOLIETTE       109    108   -1       55     29   -47     164    137  -16
    LA TUQUE         0      3 (xxx)       0     17  (xxx)      0     20 (xxx)
    LACHUTE         11     39 (xxx)       7     33  (xxx)     18     72 (xxx)
    LES-ILES-DE-
     LA-MADELEINE   na      7   na       na      0    na      na      7   na
    MATANE          17     12  -29        0      2  (xxx)     17     14  -18
    MONT-LAURIER    na     19   na       na      0    na      na     19   na
    MONTMAGNY       11      5  -55        3      6   100      14     11  -21
    PREVOST         na     58   na       na      0    na      na     58   na
    RAWDON          na     28   na       na      6    na      na     34   na
    RIMOUSKI        37     50   35       16     16     0      53     66   25
    RIVIERE-DU-LOUP 30     29   -3      108      8   -93     138     37  -73
    ROBERVAL         4      0 -100        0      0     0       4      0 -100
    ROUYN-NORANDA   48     51    6        0      2  (xxx)     48     53   10
    SAINTE-ADELE    na     38   na       na     14    na      na     52   na
    SAINTE-MARIE    15     16    7       50     20   -60      65     36  -45
    SAINTE-SOPHIE   na     63   na       na     28    na      na     91   na
    SAINT-FELICIEN  14     15    7        0      0     0      14     15    7
    SAINT-GEORGES   55     48  -13       60     64     7     115    112   -3
    SAINT-
     LIN-
     LAURENTIDES    62     55  -11        8      6   -25      70     61  -13
    SALABERRY-
     DE-
     VALLEYFIELD    26     27    4       28     36    29      54     63   17
    SEPT-ILES       20     15  -25        2      0  -100      22     15  -32
    SOREL-TRACY     43     34  -21       37     53    43      80     87    9
    THETFORD MINES   9     13   44        0      2  (xxx)      9     15   67
    VAL-D'OR        51     32  -37        0      3  (xxx)     51     35  -31
    VICTORIAVILLE   55     50   -9       78     61   -22     133    111  -17

    Subtotal
     (10,000 to
     49,999)(*)    692    957   38      473    471     0   1,165  1,428   23

    Quebec
     (estimate
     10,000+)    1,763  1,640   -7    2,409  2,066   -14   4,172  3,706  -11


    (xxx) Absolute value greater than 100%

    (*)   Data adjusted to reflect geographical definitions of the 2006
          census. Les-Iles-de-la-Madeleine, Mont-Laurier, Prévost, Rawdon,
          Sainte-Adèle, and Sainte-Sophie now belong to the 10 000 to
          49 999 population category.


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

                               January to June

                   Single-Detached           Others               Total
                  2007   2008    %     2007   2008     %    2007   2008    %
                 -----------------    ------------------  ------------------

    Centres with 100,000+ inhab.

    GATINEAU       458    450   -2      677    770    14   1,135  1,220    7
    MONTREAL     4,218  3,656  -13    6,906  7,963    15  11,124 11,619    4
    QUEBEC       1,171  1,028  -12    1,539  1,995    30   2,710  3,023   12
    SAGUENAY       168    185   10       64     67     5     232    252    9
    SHERBROOKE     288    338   17      407    376    -8     695    714    3
    TROIS-
     RIVIERES      197    182   -8      342    348     2     539    530   -2

    Subtotal
     (100,000+)  6,500  5,839  -10    9,935 11,519    16  16,435 17,358    6


    Centres with 50,000 to 99,999 inhab.

    DRUMMONDVILLE  161    165    2      463    125   -73     624    290  -54
    GRANBY         153    141   -8      104    203    95     257    344   34
    SAINT-
     HYACINTHE(*)   45     65   44       96     69   -28     141    134   -5
    SAINT-JEAN-
     SUR-RICHELIEU 285    138  -52      373    140   -62     658    278  -58
    SHAWINIGAN      33     59   79        0     24  (xxx)     33     83 (xxx)

    Subtotal
     (50,000 to
     99,999)       677    568  -16    1,036    561   -46   1,713  1,129  -34


    Centres with 10,000 to 49,999 inhab.

    ALMA            20     58 (xxx)      14     25    79      34     83 (xxx)
    AMOS             6     18 (xxx)       0      4  (xxx)      6     22 (xxx)
    BAIE-COMEAU      5      8   60        0      0     0       5      8   60
    COWANSVILLE     19     24   26        3      4    33      22     28   27
    DOLBEAU-
     MISTASSINI      7     19 (xxx)       4     12  (xxx)     11     31 (xxx)
    GASPE           31     26  -16        2     26  (xxx)     33     52   58
    JOLIETTE       118    151   28       72     44   -39     190    195    3
    LA TUQUE         0      3 (xxx)       0     17  (xxx)      0     20 (xxx)
    LACHUTE         16     41 (xxx)       7     33  (xxx)     23     74 (xxx)
    LES-ILES-DE-
     LA-MADELEINE   na      7   na       na      0    na      na      7   na
    MATANE          17     12  -29        0      2  (xxx)     17     14  -18
    MONT-LAURIER    na     19   na       na      0    na      na     19   na
    MONTMAGNY       12      5  -58        3      6   100      15     11  -27
    PREVOST         na     73   na       na      0    na      na     73   na
    RAWDON          na     31   na       na      6    na      na     37   na
    RIMOUSKI        46     67   46       48     86    79      94    153   63
    RIVIERE-DU-LOUP 32     31   -3      112     10   -91     144     41  -72
    ROBERVAL         5      1  -80        0      2  (xxx)      5      3  -40
    ROUYN-NORANDA   49     51    4        0      2  (xxx)     49     53    8
    SAINTE-ADELE    na     38   na       na     14    na      na     52   na
    SAINTE-MARIE    15     16    7       50     20   -60      65     36  -45
    SAINTE-SOPHIE   na     69   na       na     28    na      na     97   na
    SAINT-FELICIEN  16     18   13        0      0     0      16     18   13
    SAINT-GEORGES   61     52  -15       60     64     7     121    116   -4
    SAINT-
     LIN-
     LAURENTIDES   100     91   -9       11     20    82     111    111    0
    SALABERRY-
     DE-
     VALLEYFIELD    35     37    6       78    149    91     113    186   65
    SEPT-ILES       22     15  -32        2      0  -100      24     15  -38
    SOREL-TRACY     63     44  -30       41     68    66     104    112    8
    THETFORD MINES  12     16   33        0      2  (xxx)     12     18   50
    VAL-D'OR        53     33  -38        0      3  (xxx)     53     36  -32
    VICTORIAVILLE   73     68   -7      144    146     1     217    214   -1

    Subtotal
     (10,000 to
     49,999)(*)    837  1,142   36      651    793    22   1,488  1,935   30

    Quebec
     (estimate
     10,000+)    8,014  7,549   -6   11,622 12,873    11   19,636 20,422   4


    (xxx) Absolute value greater than 100%

    (*)   Data adjusted to reflect geographical definitions of the 2006
          census. Les-Iles-de-la-Madeleine, Mont-Laurier, Prévost, Rawdon,
          Sainte-Adèle, and Sainte-Sophie now belong to the 10 000 to
          49 999 population category.
    




For further information:

For further information: Province: Kevin Hughes, Senior Economist CMHC,
(514) 283-4488; Montréal: Sandra Girard, Senior Market Analyst, (514)
283-5075; Québec: Frédéric Brie, Market Analyst, (418) 649-8102; Gatineau
(Outaouais, Abitibi): Patrice Tardif, Market Analyst, (514) 918-0448;
Sherbrooke (Estrie), Francis Cortellino, Market Analyst, (514) 238-8696;
Trois-Rivières (Mauricie): Marie-Elaine Denis, Market Analyst, (418) 649-8100;
Saguenay: Frédéric Brie, Market Analyst, (418) 649-8102


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