April Housing Starts in St. John's Area

    ST. JOHN'S, May 8 /CNW/ - Urban housing starts increased during the month
of April, according to preliminary data(1) released today by Canada Mortgage
and Housing Corporation (CMHC). April's housing starts totaled 87 throughout
the St. John's area versus 60 starts in April of 2008. An additional five
housing starts were recorded in other urban areas across the province for a
total of 92 provincial starts compared to 73 a year ago.
    "For the St. John's metro area, April's housing starts posted 45 per cent
growth over the same month last year and are up 30 per cent year-to-date,"
said Chris Janes, senior market analyst with CMHC in Newfoundland and
Labrador. "The recent strength in new home construction activity has been
driven and supported by a healthy local economy, as well as an increased
number of buyers opting for newly-built custom homes," added Janes.
    For Canada's urban centres, total housing starts fell 53 per cent with
8,063 recorded in April compared to 17,209 during April of 2008.
Single-detached starts decreased 49 per cent to 3,526, while multiple starts
of 4,537 represent a 56 per cent decline from a year ago. Throughout Atlantic
Canada, there were 369 urban housing starts posted versus 533 the previous
April, a decline of 31 per cent.

    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 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)

                       NEWFOUNDLAND & LABRADOR SUMMARY"
                            2009  2008               YEAR-TO-DATE
                            ----------  % Change     ------------  % Change
                             APR   APR               2009    2008
    Single                    83    52      59.6%     249     193      29.0%
    Multiple                   4     8     -50.0%      52      39      33.3%
    TOTAL                     87    60      45.0%     301     232      29.7%
    Single                    88    62      41.9%     262     207      26.6%
    Multiple                   4    11     -63.6%      54      42      28.6%
    TOTAL                     92    73      26.0%     316     249      26.9%
    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
         (St. John's CMA, Bay Roberts CA, Corner Brook CA, Gander CA, Grand
         Falls/Windsor CA, and Labrador City CA)
    (XX) Indicates changes in excess of 100% which are not reported due to
         volatility resulting from small absolute numbers.

    Data for 2006 on 2001 Census Definitions.
    Data for 2008 on 2006 Preliminary Census Definitions.

For further information:

For further information: Chris Janes, Senior Market Analyst - NL, CMHC
Market Analysis Centre, (709) 772-2403, Cell: (709) 743-4636, cjanes@cmhc.ca;
visit www.cmhc.ca or call 1-800-668-2642

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