Quebec Residential Construction Declines in November



    MONTREAL, Dec. 10 /CNW Telbec/ - According to the results of the monthly
starts survey conducted by CMHC, residential construction declined this past
month. In fact, 3,019 dwellings were started in November, or 28 per cent fewer
than during the same month in 2006. Much like in October, this result was
attributable to a decline in the multiple-family (semi-detached, row and
apartment) housing category. "As we said last month, it was to be expected
that the strong pace of multi-family housing construction would not be
maintained," said Kevin J. Hughes, Senior Economist at CMHC.
    For a second straight month, multiple-family housing starts registered a
notable decline, as they fell from 2,868 units in November 2006 to 1,654 units
in November 2007, for a decrease of 42 per cent. This major drop was due to
slowdowns observed in the Gatineau metropolitan area (-90 per cent), as well
as in the Trois-Rivières (-85 per cent), Québec (-61 per cent) and Montréal
 (-29 per cent) census metropolitan areas (CMAs). "The decrease in
multi-family housing starts was felt in both the condominium and rental
housing segments," added Kevin Hughes. In the smaller urban centres (50,000 to
99,999 inhabitants), the situation remained relatively stable, with 123
multiple-family housing starts enumerated in November.
    In the single-detached housing segment, starts stayed at a similar level,
with 1,365 new units this past month, compared to 1,339 in November 2006. Most
of the CMAs and CAs (census agglomerations, with 50,000 to 99,999 inhabitants)
registered increases in activity this past month. However, decreases were
recorded in Gatineau (-3 per cent), Québec (-11 per cent) and
Saint-Jean-sur-Richelieu (-46 per cent).
    In all, 37,983 dwellings were started from January to November in
Quebec's urban centres, for an increase of 6 per cent over the total for the
first eleven months of 2006. Year-to-date starts are up in most of the CMAs,
but the gains are not as widespread in the CAs. Also, activity shows a greater
increase for multiple-family housing (+7 per cent) than for single-detached
homes (+3 per cent). "The slowdown in starts observed in recent months has
significantly reduced the growth in the year-to-date total," said 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.)

                                   November

                           Singles            Multiples                Total
                  2006   2007    %   2006   2007      %   2006   2007      %
               -------------------- -------------------- --------------------

    Centres
     with
     100,000+
     inhab.

    GATINEAU       123    119   -3    348     36    -90    471    155    -67
    MONTREAL       681    723    6  1,594  1,129    -29  2,275  1,852    -19
    QUEBEC         183    163  -11    461    181    -61    644    344    -47
    SAGUENAY        31     39   26     40     16    -60     71     55    -23
    SHERBROOKE(*)   31     53   71     24     42     75     55     95     73
      SHERBROOKE
       (2001
       geography)   31     45   45     24     35     46     55     80     45
      MAGOG        N/A      8  N/A    N/A      7    N/A    N/A     15    N/A
    TROIS-
     RIVIERES       29     37   28    118     18    -85    147     55    -63

    Subtotal
     (100,000+)  1,078  1,134    5  2,585  1,422    -45  3,663  2,556    -30
      Subtotal
       (exclu-
       ding
       Magog)    1,078  1,126    4  2,585  1,415    -45  3,663  2,541    -31

    Centres
     with
     50,000 to
     99,999
     inhab.

    DRUMMONDVILLE   34     47   38     28     48     71     62     95     53
    GRANBY          25     35   40     62     38    -39     87     73    -16
    SAINT-
     HYACINTHE(*)    7     14  100     26     13    -50     33     27    -18
    SAINT-
     JEAN-SUR-
     RICHELIEU      41     22  -46      0     24   (xxx)    41     46     12
    SHAWINIGAN       8     19 (xxx)     0      0      0      8     19   (xxx)

    Subtotal
     (50,000 to
     99,999)       115    137   19    116    123      6    231    260     13

    Quebec
     (estimate
     10,000+)    1,339  1,365    2  2,868  1,654    -42  4,207  3,019    -28


                             January to November

                           Singles            Multiples                Total
                  2006   2007    %   2006   2007      %   2006   2007      %
               -------------------- -------------------- --------------------

    Centres
     with
     100,000+
     inhab.

    GATINEAU     1,104    955  -13  1,387  1,620     17  2,491  2,575      3
    MONTREAL     7,170  7,451    4 13,558 14,393      6 20,728 21,844      5
    QUEBEC       2,065  2,019   -2  2,837  2,980      5  4,902  4,999      2
    SAGUENAY       262    345   32    190    310     63    452    655     45
    SHERBROOKE(*)  513    594   16    782    613    -22  1,295  1,207     -7
      SHERBROOKE
       (2001
       geography)  437    521   19    698    448    -36  1,135    969    -15
      MAGOG        N/A     73  N/A    N/A    165    N/A    N/A    238    N/A
    TROIS-
     RIVIERES      333    374   12    595    619      4    928    993      7

    Subtotal
     (100,000+) 11,447 11,738    3 19,349 20,535      6 30,796 32,273      5
      Subtotal
       (exclu-
       ding
       Magog)   11,447 11,665    2 19,349 20,370      5 30,796 32,035      4

    Centres
     with
     50,000 to
     99,999
     inhab.

    DRUMMONDVILLE  300    292   -3    177    584   (xxx)   477    876     84
    GRANBY         254    309   22    354    281    -21    608    590     -3
    SAINT-
     HYACINTHE      76     83    9    245    187    -24    321    270    -16
    SAINT-
     JEAN-SUR-
     RICHELIEU     492    432  -12    172    558   (xxx)   664    990     49
    SHAWINIGAN      97    112   15    259     23    -91    356    135    -62

    Subtotal
     (50,000 to
     99,999)     1,219  1,228    1  1,207  1,633     35  2,426  2,861     18

    Quebec
     (estimate
     10,000+)   14,126 14,549    3 21,813 23,434      7 35,939 37,983      6

    ((xxx)) Absolute value greater than 100%

    (*) Data adjusted to reflect geographical definitions of the 2006 census.
        Saint-Hyacinthe now belongs to the 50 000 to 99 999 population
        category. The Sherbrooke CMA now includes the former agglomeration of
        Magog. It is however impossible to adjust the 2006 monthly totals for
        Sherbrooke according to it's new definition as Magog was previously
        enumerated on a quarterly basis.
    




For further information:

For further information: Province: Kevin Hughes, Senior Economist, (514)
283-4488; Montréal: Astrid Joseph, Market Analyst, (514) 496-8564; Québec:
Marie-Elaine Denis, Senior Market Analyst, (418) 649-8100; Gatineau
(Outaouais, Abitibi): Kim-Anh Lam, Market Analyst, (514) 231-5017; Sherbrooke
(Estrie): Hélène Dauphinais, Market Analyst, (819) 564-5622; Trois-Rivières
(Mauricie): Marie-Elaine Denis, Market Analyst, (418) 649-8100; Saguenay:
Frédéric Brie, Market Analyst, (418) 649-8102


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