Quebec housing starts in may



    MONTREAL, June 8 /CNW Telbec/ - According to the results of the latest
monthly survey conducted by Canada Mortgage and Housing Corporation (CMHC),
residential construction in Quebec's centres with 10,000 or more inhabitants
declined this past month. Foundations were laid for a total of 3,594 housing
units in May, compared to 4,659 a year earlier. The seasonally adjusted annual
rate of starts reached 34,200 units, up over the April level (33,100 units).
    "The May results do not surprise us, given the recently weak labour
market and easing of the resale market since the fall of last year," said
Kevin Hughes, Senior Economist at CMHC for Quebec.
    The slowdown in residential construction observed in May was mainly due
to the low volume of single-detached home starts (-31 per cent). During the
same period, new multiple-family (semi-detached, row and apartment) housing
units fell by 17 per cent. The decrease in activity was more significant in
the single-detached home segment for a second straight month.
    Quebec's census metropolitan areas (CMAs) posted mixed results this past
month. In fact, while home construction was up in Gatineau (+27 per cent) and
Sherbrooke (+4 per cent), decreases were registered in Trois-Rivières (-75 per
cent), Montréal (-29 per cent) and Saguenay (-17 per cent). In the Québec CMA,
695 housing starts were enumerated during May, or practically the same number
as in the same month last year.
    Just like in April, single-detached home starts fell in most of Quebec's
CMAs last month, while the results were much more varied in the multi-unit
housing segment (see table).
    As well, the survey revealed that residential construction fell in all
large census agglomerations (CAs), except Saint-Hyacinthe.
    Still according to the survey, housing starts in Quebec were down in all
intended markets (freehold, rental and condominium), although the decline was
smaller in the case of freehold homes. Compared to the first five months of
2008, housing activity in Quebec was down by 24 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. For more information,
visit www.cmhc.ca or call 1-800-668-2642.

    
                                     May

                            Singles           Multiples             Total
                   2008   2009    %   2008   2009     %    2008   2009     %
                  ------------------ ------------------- --------------------
    Centres with
     100,000+ inhab.

    GATINEAU        111    110   -1    114    176    54     225    286    27
    MONTREAL        894    526  -41  1,586  1,234   -22   2,480  1,760   -29
    QUEBEC          250    232   -7    443    463     5     693    695     0
    SAGUENAY         63     43  -32     20     26    30      83     69   -17
    SHERBROOKE       96     98    2    114    121     6     210    219     4
    TROIS-RIVIERES   52     45  -13    144      4   -97     196     49   -75

    Subtotal
     (100,000+)   1,466  1,054  -28  2,421  2,024   -16   3,887  3,078   -21

    Centres with
     50,000 to
     99,999 inhab.

    DRUMMONDVILLE    38     51   34     41     25   -39      79     76    -4
    GRANBY           30     29   -3     32     23   -28      62     52   -16
    SAINT-HYACINTHE  15      8  -47      4     28  (xxx)     19     36    89
    SAINT-JEAN-SUR-
     RICHELIEU       28     32   14     10      3   -70      38     35    -8
    SHAWINIGAN       16      4  -75      8      6   -25      24     10   -58

    Subtotal
     (50,000 to
     99,999)        127    124   -2     95     85   -11     222    209    -6

    Quebec
     (estimate
     10,000+)     1,945  1,349  -31  2,714  2,245   -17   4,659  3,594   -23


                               January to May

                        Singles           Multiples             Total
                   2008   2009    %   2008   2009     %    2008   2009     %
                  ------------------ ------------------- --------------------
    Centres with
     100,000+ inhab.

    GATINEAU        372    386    4    617    875    42     989  1,261    28
    MONTREAL      2,999  1,792  -40  6,889  5,420   -21   9,888  7,212   -27
    QUEBEC          787    667  -15  1,609    986   -39   2,396  1,653   -31
    SAGUENAY        125     90  -28     53     56     6     178    146   -18
    SHERBROOKE      246    255    4    290    317     9     536    572     7
    TROIS-RIVIERES  147    117  -20    312    122   -61     459    239   -48

    Subtotal
     (100,000+)   4,676  3,307  -29  9,770  7,776   -20  14,446 11,083   -23

    Centres with
     50,000 to
     99,999 inhab.

    DRUMMONDVILLE   115    103  -10    107     70   -35     222    173   -22
    GRANBY           98     69  -30    127    115    -9     225    184   -18
    SAINT-HYACINTHE  45     21  -53     54     57     6      99     78   -21
    SAINT-JEAN-SUR-
     RICHELIEU      108     81  -25     77     53   -31     185    134   -28
    SHAWINIGAN       31     15  -52     16     16     0      47     31   -34

    Subtotal
     (50,000 to
     99,999)        397    289  -27    381    311   -18     778    600   -23

    Quebec
     (estimate
     10,000+)     5,909  4,078  -31 10,807  8,553   -21  16,716 12,631   -24

    (xxx) Absolute value greater than 100%
    




For further information:

For further information: Province of Quebec: Kevin Hughes, Senior
Economist, (514) 283-4488; Montréal: Stéphane Duguay, Market Analyst, (514)
496-1468; 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: Patrice Tardif, Senior Market Analyst, (514) 283-2097


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