Quebec housing starts up significantly in February



    MONTREAL, March 10 /CNW Telbec/ - According to the latest monthly starts
survey conducted by Canada Mortgage and Housing Corporation (CMHC),
residential construction registered a strong increase this past month in
centres with 10,000 or more inhabitants across Quebec. In fact, 2,810 housing
units were started in February, or 50 per cent more than during the same
period a year earlier.
    The dynamics were different, however, depending on the centres. Starts
rose by 51 per cent in the census metropolitan areas (CMAs) but fell by
6 per cent in the smaller agglomerations (50,000 to 99,999 inhabitants). The
Montréal area stood out by being the engine of this growth. In fact,
foundations were laid for 2,167 new dwellings there in February 2008, compared
to 1,262 in February 2007, for an increase of 72 per cent. Housing starts went
up less significantly in Saguenay (+56 per cent) and Trois-Rivières
(+ 21 per cent), while they declined in Québec (-32 per cent), Sherbrooke (-10
per cent) and Gatineau (-3 per cent).
    Just like in January, multi-family housing starts supported the strong
growth observed this past month across Quebec. These starts increased by
67 per cent (from 1,243 units in February 2007 to 2,082 in February 2008), for
a gain that was four times greater than the increase in single-detached home
starts. "Thanks to the vigorous activity in the retirement home segment, which
accounts for 60 per cent of all rental housing starts, the number of units of
this type that got under way in February more than tripled over last year,"
said Kevin Hughes, Regional Economist at CMHC.
    As well, multiple housing starts rose by 68 per cent across all CMAs.
However, while such starts were up in Saguenay (+100 per cent), Montréal
(+ 95 per cent) and Trois-Rivières (+15 per cent), declines were recorded in
Québec (-39 per cent), Sherbrooke (-35 per cent) and Gatineau (-21 per cent).
The smaller agglomerations, for their part, registered a decrease of
9 per cent in multi-family housing starts.
    The survey also revealed that single-detached housing starts rose by
16 per cent in February 2008 (728 new units, versus 628 a year earlier). In
fact, starts of this type increased in all CMAs, except Québec (-24 per cent).
The Sherbrooke CMA led the pack, as single-detached home starts doubled there,
followed by Trois-Rivières (+42 per cent), Gatineau (+25 per cent), Montréal
(+20 per cent) and Saguenay (+20 per cent). In the smaller agglomerations,
however, starts of this type remained stable.

    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.)

                                   February

                     Singles              Multiples              Total
                2007   2008      %   2007   2008      %   2007   2008      %
               -------------------- -------------------- --------------------

    Centres
     with
     100,000+
     inhab.

    GATINEAU      36     45     25     58     46    -21     94     91     -3
    MONTREAL     388    466     20    874  1,701     95  1,262  2,167     72
    QUEBEC        92     70    -24    108     66    -39    200    136    -32
    SAGUENAY       5      6     20      4      8    100      9     14     56
    SHERBROOKE    10     21   (xxx)    48     31    -35     58     52    -10
    TROIS-
     RIVIERES     12     17     42     40     46     15     52     63     21

    Subtotal
     (100,000+)  543    625     15  1,132  1,898     68  1,675  2,523     51

    Centres
     with
     50,000 to
     99,999
     inhab.

    DRUMMOND-
     VILLE        10     14     40      9     33   (xxx)    19     47   (xxx)
    GRANBY         9      8    -11      0      8   (xxx)     9     16     78
    SAINT-
     HYACINTHE(*)  2      1    -50     10      8    -20     12      9    -25
    SAINT-JEAN-
     SUR-
     RICHELIEU    26     23    -12     45      9    -80     71     32    -55
    SHAWINIGAN     3      3      0      0      0      0      3      3      0

    Subtotal
     (50,000 to
     99,999)      50     49     -2     64     58     -9    114    107     -6

    Quebec
     (estimate
     10,000+)    628    728     16  1,243  2,082     67  1,871  2,810     50



                             January to February

                     Singles              Multiples              Total
                2007   2008      %   2007   2008      %   2007   2008      %
               -------------------- -------------------- --------------------
    Centres
     with
     100,000+
     inhab.

    GATINEAU     106    137     29    193    247     28    299    384     28
    MONTREAL     633    742     17  1,750  2,617     50  2,383  3,359     41
    QUEBEC       205    156    -24    183    391   (xxx)   388    547     41
    SAGUENAY       9     14     56      4     10   (xxx)    13     24     85
    SHERBROOKE    54     64     19    124     53    -57    178    117    -34
    TROIS-
     RIVIERES     27     43     59     74     93     26    101    136     35

    Subtotal
    (100,000+) 1,034  1,156     12  2,328  3,411     47  3,362  4,567     36

    Centres
     with
     50,000 to
     99,999
     inhab.

    DRUMMOND-
     VILLE        30     38     27    398     37    -91    428     75    -82
    GRANBY        36     31    -14     43     37    -14     79     68    -14
    SAINT-
     HYACINTHE     3     10   (xxx)    32     22    -31     35     32     -9
    SAINT-JEAN-
     SUR-
     RICHELIEU    45     26    -42     51      9    -82     96     35    -64
    SHAWINIGAN     3      3      0      0      0      0      3      3      0

    Subtotal
     (50,000 to
     99,999)     117    108     -8    524    105    -80    641    213    -67

    Quebec
     (estimate
     10,000+)  1,226  1,372     12  2,979  3,791     27  4,205  5,163     23


    (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: Jean-François Dion, Senior Market Analyst, (418) 649-8101;
Gatineau (Outaouais, Abitibi): Kevin Hughes, Senior Economist CMHC, (514)
283-4488; Sherbrooke (Estrie): Francis Cortellino, Market Analyst, (514)
283-8391; Trois-Rivières (Mauricie): Marie-Elaine Denis, Market Analyst, (418)
649-8100; 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