Housing starts increase in August

    OTTAWA, Sept. 9 /CNW Telbec/ - The seasonally adjusted annual rate(1) of
housing starts increased to 150,400 units in August from 134,200 units in
July, according to Canada Mortgage and Housing Corporation (CMHC).
    "Housing starts are trending higher, reflecting improvements in both the
single and multiple segments," said Bob Dugan, Chief Economist at CMHC's
Market Analysis Centre. "The improvement in housing starts is consistent with
our expectation of a stronger second half for 2009."
    The seasonally adjusted annual rate of urban starts increased by 14.0 per
cent to 131,800 units in August. Urban multiple starts increased by 23.8 per
cent to 77,600 units, while urban single starts moved up 2.5 per cent to
54,200 units in August.
    August's seasonally adjusted annual rate of urban starts increased by
56.0 per cent in British Columbia, by 16.1 per cent in the Prairies, by 13.8
per cent in Ontario, by 9.6 per cent in Atlantic Canada, and by 2.5 per cent
in Quebec.
    Rural starts were estimated at a seasonally adjusted annual rate of
18,600 units in August(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. CMHC also provides reliable, impartial and
up-to-date housing market reports, analysis and knowledge to support and
assist consumers and the housing industry in making vital decisions.

    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
                               August       August         July       August
                                 2008         2009         2009         2009
                                Final  Preliminary        Final  Preliminary
                          Preliminary  Preliminary  Preliminary  Preliminary
    Canada, all areas          19,626       14,177      134,200      150,400
      Canada, rural areas       2,819        1,990       18,600       18,600
      Canada, urban
       centres(xx)             16,807       12,187      115,600      131,800
        Canada, singles,
         urban centres          7,063        5,211       52,900       54,200
        Canada, multiples,
         urban centres          9,744        6,976       62,700       77,600

        Atlantic region,
         urban centres            879          835        7,300        8,000
        Quebec, urban centres   3,082        3,409       40,000       41,000
        Ontario, urban centres  8,026        4,172       36,900       42,000
        Prairie region,
         urban centres          2,380        2,271       20,500       23,800
        British Columbia,
         urban centres          2,440        1,500       10,900       17,000
    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: Charles Sauriol,
CMHC Media Relations, (613) 748-2799, csauriol@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: Lai Sing Louie, CMHC,
(403) 515-2991, llouie@cmhc-schl.gc.ca; British Columbia: Carol Frketich,
CMHC, (604) 737-4067, cfrketic@cmhc-schl.gc.ca

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