Urban Housing Starts Set Record in September



    ST. JOHN'S, Oct. 9 /CNW/ - Urban housing starts set a record for the
month of September, according to preliminary data(1) released today by Canada
Mortgage and Housing Corporation (CMHC). September's total housing starts
surged 26 per cent, with a record 227 posted across provincial urban centres
versus 180 a year ago. Of the 227 starts, 178 occurred within the St. John's
metropolitan area compared to 150 last September, an increase of 19 per cent.
To date, urban housing starts total 1,291, up a respectable 15 per cent over
the first nine months of 2006.
    "September's record number of housing starts marks the fourth consecutive
month of growth over last year," said Chris Janes, Senior Market Analyst with
CMHC in Newfoundland and Labrador. "The economy is strong, consumer confidence
is high and this is having a very positive impact on the demand for newly
built homes across the province," added Janes.
    For Canada's urban centres, total housing starts increased 44 per cent to
22,031 in September over September of 2006. Single-detached starts shed
four per cent to 8,226, while multiple starts of 13,805 represent a notable
106 per cent jump compared to last September. Throughout Atlantic Canada,
there were 1,029 urban housing starts, a sizeable 40 per cent gain over the
same month last year.
    Canada Mortgage and Housing Corporation conducts a monthly survey of
housing construction in urban centres of Canada with a population of 50,000
and over.

    
    (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 QUARTERLY HOUSING STARTS
                       NEWFOUNDLAND & LABRADOR SUMMARY
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                         2007    2006                 YEAR-TO-DATE
                      -----------------  % Change   ---------------- % Change
                           Q3      Q3                2007      2006
    -------------------------------------------------------------------------
           ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
    -------------------------------------------------------------------------
    ST. JOHN'S CMA
    Single                418     346     20.8%       814       739     10.1%
    Multiple              104      83     25.3%       232       221      5.0%
    TOTAL                 522     429     21.7%     1,046       960      9.0%
    -------------------------------------------------------------------------
    BAY ROBERTS CA
    Single                 16       0        -         30         0        -
    Multiple                0       0        -          0         0        -
    TOTAL                  16       0        -         30         0        -
    -------------------------------------------------------------------------
    CORNER BROOK CA
    Single                 28      33    -15.2%        43        51    -15.7%
    Multiple                0       8      (xx)         8        14    -42.9%
    TOTAL                  28      41    -31.7%        51        65    -21.5%
    -------------------------------------------------------------------------
    GANDER CA
    Single                 26      18     44.4%        54        43     25.6%
    Multiple                4       6    -33.3%        10        10      0.0%
    TOTAL                  30      24     25.0%        64        53     20.8%
    -------------------------------------------------------------------------
    GRAND FALLS/
     WINDSOR CA
    Single                 19      16     18.8%        43        39     10.3%
    Multiple               18       2      (xx)        23         2      (xx)
    TOTAL                  37      18      (xx)        66        41     61.0%
    -------------------------------------------------------------------------
    LABRADOR CA
    Single                 34       1      (xx)        34         2      (xx)
    Multiple                0       0        -          0         0        -
    TOTAL                  34       1      (xx)        34         2      (xx)
    -------------------------------------------------------------------------
    ALL CENTRES(*)
    Single                540     414     30.4%     1,018       874     16.5%
    Multiple              128      99     29.3%       273       247     10.5%
    TOTAL                 668     513     30.2%     1,291     1,121     15.2%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

    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 (St.
John's CMA, Corner Brook CA, Gander CA, Grand Falls/Windsor CA, Bay Roberts CA
and Labrador City 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: Chris Janes, Senior Market Analyst - NL &
LABRADOR, (709) 772-2403, cjanes@cmhc.ca; For more information, visit
www.cmhc.ca or call 1 800 668-2642


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