Strong Third Quarter Boosts Overall Starts in 2007



    HALIFAX, Oct. 9 /CNW/ - A sharp increase in residential construction in
September has contributed to an increase in overall starts through the first
three quarters of 2007 as compared to 2006. 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 383 total
housing starts last month compared with 245 in September 2006 - a 56 per cent
increase. Single-detached housing starts increased to 188 last month compared
to 134 in September 2006 while multi-residential starts reached 195 in
September - an increase of 76 per cent compared to September 2006.
    "Residential construction was very strong in September raising the total
number of starts thus far in 2007 to just above the level achieved through
third quarter of last year", said Matthew Gilmore, Senior Market Analyst with
CMHC's Atlantic Business Centre. "Such a strong showing for single starts is
indicative of some pent up demand in the market," Gilmore said. "Given the
record level of existing home sales, it is not surprising to see an increase
in single starts," he added.
    In urban centres across Canada in September there were 22,031 total
housing starts, 44 per cent more than the 15,322 starts in September 2006.
There were 8,226 single-detached housing starts across Canada last month,
4 per cent fewer than the 8,612 single starts in September 2006 while the
13,805 multiple unit housing starts across Canada last month represented a
106 per cent increase from the 6,710 units started in September 2006.

    
    (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.

    -------------------------------------------------------------------------
                   PRELIMINARY URBAN MONTHLY HOUSING STARTS
                             NOVA SCOTIA SUMMARY
    -------------------------------------------------------------------------
                            2007    2006               YEAR-TO-DATE
                            ------------ % Change     ------------- % Change
                            SEP      SEP              2007     2006
    -------------------------------------------------------------------------
                 ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
    -------------------------------------------------------------------------
    HALIFAX  CMA
    Single                  124       92     34.8%     831      806      3.1%
    Multiple                143       69      (xx)   1,096    1,055      3.9%
    TOTAL                   267      161     65.8%   1,927    1,861      3.5%
    -------------------------------------------------------------------------
    CAPE BRETON RGM
    Single                   25        3      (xx)      89       93     -4.3%
    Multiple                  4        8    -50.0%      58       43     34.9%
    TOTAL                    29       11      (xx)     147      136      8.1%
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATION (greater than)10,000
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single                  188      134     40.3%   1,192    1,172      1.7%
    Multiple                195      111     75.7%   1,315    1,312      0.2%
    TOTAL                   383      245     56.3%   2,507    2,484      0.9%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    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.


    -------------------------------------------------------------------------
                 PRELIMINARY URBAN QUARTERLY HOUSING STARTS
                             NOVA SCOTIA SUMMARY
    -------------------------------------------------------------------------
                           2007     2006               YEAR-TO-DATE
                           ------------- % Change    -------------- % Change
                             Q3       Q3              2007     2006
    -------------------------------------------------------------------------
                 ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
    -------------------------------------------------------------------------
    HALIFAX CMA
    Single                  367      308     19.2%     831      806      3.1%
    Multiple                424      314     35.0%   1,096    1,055      3.9%
    TOTAL                   791      622     27.2%   1,927    1,861      3.5%
    -------------------------------------------------------------------------
    CAPE BRETON RGM
    Single                   56       21      (xx)      89       93     -4.3%
    Multiple                 36       12      (xx)      58       43     34.9%
    TOTAL                    92       33      (xx)     147      136      8.1%
    -------------------------------------------------------------------------
    TRURO CA
    Single                   54       58     -6.9%     111      117     -5.1%
    Multiple                 33       78    -57.7%      43      140    -69.3%
    TOTAL                    87      136    -36.0%     154      257    -40.1%
    -------------------------------------------------------------------------
    KENTVILLE CA
    Single                   37       30     23.3%      67       65      3.1%
    Multiple                 53       16      (xx)      81       42     92.9%
    TOTAL                    90       46     95.7%     148      107     38.3%
    -------------------------------------------------------------------------
    NEW GLASGOW CA
    Single                   41       45     -8.9%      94       91      3.3%
    Multiple                  8       23    -65.2%      37       32     15.6%
    TOTAL                    49       68    -27.9%     131      123      6.5%
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single                  555      462     20.1%   1,192    1,172      1.7%
    Multiple                554      443     25.1%   1,315    1,312      0.2%
    TOTAL                 1,109      905     22.5%   2,507    2,484      0.9%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------


    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 Br eton 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 - Nova
Scotia, Canada Mortgage and Housing Corporation, (902) 426-4686; For more
information, visit www.cmhc.ca or call 1 800 668-2642


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