Housing starts decrease in July

    OTTAWA, Aug. 11 /CNW Telbec/ - The seasonally adjusted annual rate(1) of
housing starts decreased to 132,100 units in July from 137,800 units in June,
according to Canada Mortgage and Housing Corporation (CMHC).
    "The slight decline in July's housing starts is mostly attributable to
the volatile multiple starts segment," said Bob Dugan, Chief Economist at
CMHC's Market Analysis Centre. "Although July registered a decline, housing
starts are expected to improve throughout 2009."
    Over the next several years, housing starts will gradually become 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 5.5 per
cent to 113,500 units in July. Urban multiple starts decreased nine per cent
to 61,000 units, while urban single starts moved down 1.1 per cent to 52,500
units in July.
    July's seasonally adjusted annual rate of urban starts increased 16.6 per
cent in Quebec. Urban starts declined 17 per cent in the Prairies, 15 per cent
in Ontario, 10 per cent in British Columbia, and 1.4 per cent in Atlantic
    Rural starts were estimated at a seasonally adjusted annual rate of
18,600 units in July(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.

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

    (Ce document existe également en français)

                      Housing Starts, Actual and SAAR(*)
                                           Actual                     SAAR
                                       July       July       June       July
                                       2008       2009       2009       2009
                                              Prelimi-              Prelimi-
                                      Final       nary      Final      nary
    Canada, all areas                18,229     12,712    137,800    132,100
      Canada, rural areas             2,773      2,142     17,700     18,600
      Canada, urban
       centres(xx)                   15,456     10,570    120,100    113,500
        Canada, singles, urban
         centres                      7,603      5,465     53,100     52,500
        Canada, multiples,
         urban centres                7,853      5,105     67,000     61,000

        Atlantic region, urban
         centres                      1,144        858      7,400      7,300
        Quebec, urban centres         3,348      3,080     32,600     38,000
        Ontario, urban centres        5,088      3,618     43,400     36,900
        Prairie region, urban centres 3,022      1,986     24,700     20,500
        British Columbia, urban
         centres                      2,854      1,028     12,000     10,800
    Source: CMHC
    (*)  Seasonally adjusted annual rates
    (xx) Urban centres with a population of 10,000 and over.

         Detailed data available upon request.

    (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 further information:

For further information: Information on this release: Kristen Scheel,
CMHC Media Relations, (613) 748-4075, Cell: (613) 316-2949,
kscheel@cmhc-schl.gc.ca; This release is also available on the CMHC Web site:
http://www.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,

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