April housing starts

    OTTAWA, May 8 /CNW Telbec/ - The seasonally adjusted annual rate(1) of
housing starts decreased to 117,400 units in April from 146,500 units in
March, according to Canada Mortgage and Housing Corporation (CMHC).
    "The decrease in April's housing starts is partly attributable to the
volatile multiple starts segment," said Bob Dugan, Chief Economist at CMHC's
Market Analysis Centre. "Most of the decline has occurred in the condominium
segment in Ontario."
    While some improvement is expected, new home construction is unlikely to
match the pace set over the past seven years, which exceeded 200,000 units per
year. Housing starts will be more closely aligned to demographic demand, which
is currently estimated at about 175,000 units per year.
    The seasonally adjusted annual rate of urban starts decreased 24 per cent
to 96,800 units in April. Urban multiple starts decreased 32.7 per cent to
54,700 units, while urban single starts moved down 8.7 per cent to 42,100
units in April.
    April's seasonally adjusted annual rate of urban starts increased 1 per
cent in British Columbia. Urban starts declined 43.7 per cent in Ontario, 16
per cent in Atlantic Canada, 7.1 per cent in Quebec, and 3.0 per cent in the
    Rural starts were estimated at a seasonally adjusted annual rate of
20,600 units in April(2).

    As Canada's national housing agency, CMHC draws on more than 60 years of
experience to help Canadians access a variety of quality, environmentally
sustainable, and affordable homes - homes that will continue to create vibrant
and healthy communities and cities across the country.

    (1) All starts figures in this release, other than actual starts, are
        seasonally adjusted annual rates (SAAR) - that is, monthly figures
        adjusted to remove normal seasonal variation and multiplied by 12 to
        reflect annual levels.
    (2) CMHC estimates the level of rural starts for each of the three months
        of the quarter, at the beginning of each quarter. During the last
        month of the quarter, CMHC conducts the survey in rural areas and
        revises the estimate.

    For more information, visit www.cmhc.ca or call 1-800-668-2642.

    This release is also available on the CMHC Web site:

    (Ce document existe également en français)

    Please click below to view the Housing Starts in Canada - All areas chart

                     Housing Starts, Actual and SAAR(*)

                                 Actual                       SAAR
                             April         April         March         April
                              2008          2009          2009          2009
                             Final   Preliminary         Final   Preliminary
    Canada, all areas       19,368         9,860       146,500       117,400
      Canada, rural
       areas                 2,159         1,797        19,100        20,600
      Canada, urban
       centres(xx)          17,209         8,063       127,400        96,800
      Canada, singles,
       urban centres         6,888         3,526        46,100        42,100
      Canada, multiples,
       urban centres        10,321         4,537        81,300        54,700

      Atlantic region,
       urban centres           533           369         8,100         6,800
      Quebec, urban
       centres               3,964         3,051        35,400        32,900
      Ontario, urban
       centres               6,665         2,731        60,600        34,100
      Prairie region,
       urban centres         2,955         1,070        13,500        13,100
      British Columbia,
       urban centres         3,092           842         9,800         9,900
    Source: CMHC
    (*)  Seasonally adjusted annual rates
    (xx) Urban centres with a population of 10,000 and over.
         Detailed data available upon request.

For further information:

For further information: Kristen Scheel, CMHC Media Relations, (613)
748-2799, Cell: (613) 316-2949, kscheel@cmhc-schl.gc.ca; For regional starts
information contact: Atlantic provinces: Alex MacDonald, CMHC, (902) 426-8964,
amacdona@cmhc-schl.gc.ca; Quebec: Kevin Hughes, CMHC,(514) 283-4488,
khughes@cmhc-schl.gc.ca; Ontario: Ted Tsiakopoulos, CMHC, (416) 218-3407,
ttsiakop@cmhc-schl.gc.ca; Prairie provinces: Richard Corriveau, CMHC, (403)
515-3005, rcorrive@cmhc-schl.gc.ca; British Columbia: Carol Frketich, CMHC,
(604) 737-4067, cfrketic@cmhc-schl.gc.ca

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