Quebec residential construction: Major increase in September



    MONTREAL, Oct. 9 /CNW Telbec/ - The results of the latest monthly starts
survey conducted by Canada Mortgage and Housing Corporation (CMHC) revealed a
significant acceleration of Quebec housing starts in September. In all, 5,442
housing units were started in centres with 10,000 or more inhabitants,
increasing 86 per cent (2,927 units) compared to the same month last year.
Except for the Trois-Rivières area, all Census Metropolitan Areas (CMA)
recorded over 50 per cent growth. Activity was equally strong in
agglomerations of 50,000 to 99,999 inhabitants, averaging 59 per cent.
    The September surge in housing starts is largely attributable to the
vigour of the multi-family segment, where starts more than doubled, going from
1,742 to 4,134 housing units in September 2007.Seniors residences in Montreal
alone contributed 1,300 units to this total. Proportionally, the Gatineau
region exhibited the most dynamism, followed by the Sherbrooke, Montreal and
Trois-Rivières areas. "Despite the coincidence of several major projects in
September, it cannot be denied that interest in construction of senior's
residences progresses even though vacancy rates are increasing in this market
segment," said Kevin Hughes, Provincial Economist at CMHC.
    The single-detached segment saw moderate growth (10 per cent), as
1,308 such houses were started compared to 1,185 in September of 2006. The
increases observed in the Saguenay, Montréal and Sherbrooke areas more than
made up for losses in the Gatineau, Québec and Trois-Rivières areas.
Agglomerations of 50,000 to 99,999 inhabitants saw single-detached starts
decrease by 19 per cent.
    Since the beginning of the year, the number of housing starts reached
31,531 units in Quebec urban centres, for a 15 per cent rise compared to total
recorded during the first three quarters of last year. Close to two-thirds of
these came from the multi-family segment (19,484 units), while the remaining
third (12,047 units) were aimed at the single detached market. Rental housing
starts were the main driver in the multi-family segment, with 9,145 housing
units, followed by condominium and freehold starts, which recorded 6,954 and
3,385 starts respectively. "It is important to note the strength of
agglomerations of 50,000 to 99,999 inhabitants, such as Saint-Jean-Richelieu
and Drummondville. As we predicted, several such centres are now recording
starts levels that surpass those of certain larger cities," 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.)

                                  September

                Single-Detached           Others               Total
                 2006    2007    %    2006    2007    %    2006    2007    %
                -------------------  ------------------   -------------------

    Centres
     with
     100,000+
     inhab.
    (September)

    GATINEAU      106     100   -6      72     413 (xxx)    178     513 (xxx)
    MONTREAL      555     619   12   1,192   2,873 (xxx)  1,747   3,492  100
    QUEBEC        169     167   -1     187     375 (xxx)    356     542   52
    SAGUENAY       26      49   88      10      24 (xxx)     36      73 (xxx)
    SHER
     BROOKE(*)     28      67 (xxx)     17      50 (xxx)     45     117 (xxx)
      SHER-
       BROOKE
      (2001
       geogra
       phy)        28      60 (xxx)     17      34  100      45      94 (xxx)
      MAGOG       n.a.      7  n.a.    n.a.     16  n.a.    n.a.     23  n.a.
    TROIS-
     RIVIERES      36      24  -33      78       8  -90     114      32  -72

    Subtotal
    (100,000+)    920   1,026   12   1,556   3,743 (xxx)  2,476   4,769   93
      Subtotal
      (excluding
       Magog)     920   1,019   11   1,556   3,727 (xxx)  2,476   4,746   92

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

    DRUMMOND
     VILLE         19      20    5       7      40 (xxx)     26      60 (xxx)
    GRANBY         20      31   55      39      48   23      59      79   34
    SAINT-
     HYACINTHE(*)   4       9 (xxx)      3      29 (xxx)      7      38 (xxx)
    SAINT-
     JEAN-SUR-
     RICHELIEU     63      23  -63      30      96 (xxx)     93     119   28
    SHAWINIGAN      6       8   33       0       0    0       6       8   33

    Subtotal
    (50,000 to
     99,999)      112      91  -19      79     213 (xxx)    191     304   59

    Centres
     with
     10,000 to
     49,999
     inhab.
     (3rd
     Quart.)

    ALMA            6      29 (xxx)     56      12  -79      62      41  -34
    AMOS           16       7  -56       0       7 (xxx)     16      14  -13
    BAIE-COMEAU     1       6 (xxx)      0       0    0       1       6 (xxx)
    COWANSVILLE     7       8   14       2       2    0       9      10   11
    DOLBEAU-
     MISTASSINI     7       3  -57      18       0 -100      25       3  -88
    GASPE          20      20    0       0       0    0      20      20    0
    JOLIETTE       63      63    0      36      33   -8      99      96   -3
    LA TUQUE        5       4  -20       0       0    0       5       4  -20
    LACHUTE        14      19   36      10      27 (xxx)     24      46   92
    MATANE          2       6 (xxx)     10       6  -40      12      12    0
    MONTMAGNY       9      10   11       0       0    0       9      10   11
    RIMOUSKI       38      40    5      31       4  -87      69      44  -36
    RIVIERE-
     DU-LOUP       27      29    7       2       0 -100      29      29    0
    ROBERVAL        2       5 (xxx)      0       2 (xxx)      2       7 (xxx)
    ROUYN-
     NORANDA       36      44   22       0       5 (xxx)     36      49   36
    SAINTE-
     MARIE         12       6  -50      18      12  -33      30      18  -40
    SAINT-
     FELICIEN      10       8  -20       0      24 (xxx)     10      32 (xxx)
    SAINT-
     GEORGES       20      29   45      19      16  -16      39      45   15
    SAINT-
     LIN-
     LAURENTIDES   60      90   50      20       2  -90      80      92   15
    SALABERRY-
    DE-
    VALLEYFIELD    10      25 (xxx)     11      16   45      21      41   95
    SEPT-ILES       9      25 (xxx)      0      30 (xxx)      9      55 (xxx)
    SOREL-TRACY    17      23   35      19      52 (xxx)     36      75 (xxx)
    THETFORD
     MINES         12      11   -8       2       0 -100      14      11  -21
    VAL-D'OR       37      19  -49       8      14   75      45      33  -27
    VICTORIA-
     VILLE         40      54   35      65      55  -15     105     109    4

    Subtotal
     (10,000 to
     49,999)      482     583   21     329     319   -3     811     902   11

    Quebec
     (estimate
     10,000+)   1,185   1,308   10   1,742   4,134 (xxx)  2,927   5,442   86


    (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.




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

                             January to September

                  Single-Detached           Others               Total
                 2006    2007    %    2006    2007    %    2006    2007    %
                -------------------  -------------------  -------------------
    Centres
     with
     100,000+
     inhab.

    GATINEAU      881     771  -12     880   1,505   71   1,761   2,276   29
    MONTREAL    5,815   6,028    4   9,586  12,045   26  15,401  18,073   17
    QUEBEC      1,734   1,733    0   2,217   2,267    2   3,951   4,000    1
    SAGUENAY      208     283   36     138     273   98     346     556   61
    SHERBROOKE(*) 450     482    7     704     527  -25   1,154   1,009  -13
    TROIS-
     RIVIERES     271     291    7     447     440   -2     718     731    2

    Subtotal
     (100,000+) 9,359   9,588    2  13,972  17,057   22  23,331  26,645   14

    Centres
     with
     50,000 to
     99,999
     inhab.

    DRUMMOND
     VILLE        246     245    0     144     536 (xxx)    390     781 (xxx)
    GRANBY        212     262   24     262     220  -16     474     482    2
    SAINT-
     HYACINTHE(*)  64      64    0     167     165   -1     231     229   -1
    SAINT-
    JEAN-SUR-
     RICHELIEU    413     378   -8     167     522 (xxx)    580     900   55
    SHAWINIGAN     78      90   15     259      14  -95     337     104  -69

    Subtotal
     (50,000 to
     99,999)    1,013   1,039    3     999   1,457   46   2,012   2,496   24

    Centres
     with
     10,000 to
     49,999
     inhab.

    ALMA           38      49   29      66      26  -61     104      75  -28
    AMOS           24      13  -46       0       7 (xxx)     24      20  -17
    BAIE-COMEAU     4      11 (xxx)      0       0    0       4      11 (xxx)
    COWANSVILLE    21      27   29       9       5  -44      30      32    7
    DOLBEAU-
     MISTASSINI    25      10  -60      26       4  -85      51      14  -73
    GASPE          46      51   11      14       2  -86      60      53  -12
    JOLIETTE      148     181   22      78     105   35     226     286   27
    LA TUQUE       14       4  -71       0       0    0      14       4  -71
    LACHUTE        25      35   40      28      34   21      53      69   30
    MATANE         14      23   64      16       6  -63      30      29   -3
    MONTMAGNY      23      22   -4       3       3    0      26      25   -4
    RIMOUSKI       59      86   46      45      52   16     104     138   33
    RIVIERE-DU-
     LOUP          73      61  -16      16     112 (xxx)     89     173   94
    ROBERVAL        4      10 (xxx)      2       2    0       6      12  100
    ROUYN-
     NORANDA       59      93   58       0       5 (xxx)     59      98   66
    SAINTE-
     MARIE         28      21  -25     187      62  -67     215      83  -61
    SAINT-
     FELICIEN      18      24   33       0      24 (xxx)     18      48 (xxx)
    SAINT-
     GEORGES       64      90   41      59      76   29     123     166   35
    SAINT-LIN-
     LAURENTIDES  159     190   19      30      13  -57     189     203    7
    SALABERRY-
     DE-
     VALLEYFIELD   57      60    5      42      94 (xxx)     99     154   56
    SEPT-ILES      23      47 (xxx)      0      32 (xxx)     23      79 (xxx)
    SOREL-TRACY    71      86   21     133      93  -30     204     179  -12
    THETFORD
     MINES         21      23   10       5       0 -100      26      23  -12
    VAL-D'OR       60      72   20      10      14   40      70      86   23
    VICTORIA-
     VILLE        105     127   21     176     199   13     281     326   16

    Subtotal
     (10,000 to
     49,999)    1,192   1,420   19     951     970    2   2,143   2,390   12

    Quebec
     (estimate
     10,000+)  11,564  12,047    4  15,922  19,484   22  27,486  31,531   15


    (xxx) Absolute value greater than 100%
    




For further information:

For further information: Province: Kevin Hughes, Senior Economist, (514)
283-4488; Montréal: Sandra Girard, Senior Market Analyst, (514) 283-5075;
Québec: Marie-Elaine Denis, Senior Market Analyst, (418) 649-8100; Gatineau
(Outaouais, Abitibi): Julie Cohen, (514) 283-3679; 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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