Single-Detached Construction Picks Up in February



    HALIFAX, March 10 /CNW/ - For the second month in a row, total
residential housing starts were down in Metro due to a lack of apartment
starts, however, single-detached starts were up in the month of February
compared to last year. According to Canada Mortgage and Housing Corporation
(CMHC) preliminary data(1) released today for Nova Scotia's urban areas with a
population over 10,000, there were 86 total housing starts last month compared
to 147 in February 2007. There were 73 single-detached housing starts last
month compared with 26 in February of last year and 13 multiple unit starts
compared to 121 in February 2007.
    "An increase in single-detached starts in February offset the impact of
another month without apartment starts in Metro Halifax", said
Matthew Gilmore, Senior Market Analyst with CMHC's Atlantic Business Centre.
"Apartment projects already under construction are facing various delays due
to labour issues, weather and project scope and size. This has resulted in
delays for new projects and helps explain the absence of new apartment starts
in 2008," Gilmore added.
    In urban centres across Canada in February there were 13,436 total
housing starts, 42 per cent more than the 9,471 housing starts in February
2007. There were 4,203 single-detached housing starts last month which
represented a 5 per cent decline from the 4,447 single starts in February
2007. Multiple unit housing starts increased by 84 per cent last month
compared to February 2007, increasing to 9,233 from 5,024.

    
    (1) Figures for the most recent month are preliminary and subject to
        revisions due to corrections or updates from quarterly enumeration or
        sampling results.

    (Ce document existe également en français.)

    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 URBAN MONTHLY HOUSING STARTS
                             NOVA SCOTIA SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                     2008      2007                  YEAR-TO-DATE
                     --------------   % Change     --------------   % Change
                      FEB       FEB                2008      2007
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
    -------------------------------------------------------------------------
    HALIFAX CMA
    Single             73        26        (xx)     129        97       33.0%
    Multiple           13       121      -89.3%      35       310      -88.7%
    TOTAL              86       147      -41.5%     164       407      -59.7%
    -------------------------------------------------------------------------
    CAPE BRETON RGM
    Single              6         2        (xx)      12         6        (xx)
    Multiple            2         2        0.0%       6         2        (xx)
    TOTAL               8         4        (xx)      18         8        (xx)
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION (greater than)10,000
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single             94        41        (xx)     166       137       21.2%
    Multiple           17       128      -86.7%      45       325      -86.2%
    TOTAL             111       169      -34.3%     211       462      -54.3%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Figures for the most recent month are preliminary and subject to
    revisions due to corrections or updates from quarterly enumeration or
    sampling results.

    (*)  Includes all centres with a total population of more than 10,000
         (Halifax CMA, Cape Breton RGM, Truro CA, Kentville CA and New
         Glasgow CA).

    (xx) Indicates changes in excess of 100% which are not reported due to
         volatility resulting from small absolute numbers.
    




For further information:

For further information: Matthew Gilmore, Senior Market Analyst, Canada
Mortgage and Housing Corporation, (902) 426-4686


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