Housing starts lower in first quarter

    OTTAWA, April 11 /CNW Telbec/ - The seasonally adjusted annual rate(1) of
housing starts was 210,900 units in March, up from 196,000 units in February,
according to Canada Mortgage and Housing Corporation (CMHC).
    "Both multiple and single starts regained some ground in March.
Nevertheless, housing starts are gradually trending lower and were down more
than 10 per cent in the first quarter of 2007 compared to a year ago," said
Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. "This downward
trend is consistent with our view that housing starts in 2007 will be lower
than in 2006."
    March's seasonally adjusted annual rate of urban starts was 177,900
units, up 9.1 per cent from February. Urban multiple starts rose 12.0 per cent
to 92,700 units in March, while single starts increased 6.2 per cent to
85,200 units.
    Seasonally adjusted urban starts in March increased in all regions except
the Atlantic. The Prairies led the way with a 26.2 per cent increase, followed
by British Columbia at 11.3 per cent and Quebec with 10.5 per cent. In
Ontario, urban starts remained relatively flat. Urban multiple starts
increased in all regions except in the Atlantic and Ontario, while urban
single starts were up in all regions.
    Rural starts were estimated at a seasonally adjusted annual rate of
33,000 units in March.
    Actual starts, in rural and urban areas combined, were down an estimated
8.8 per cent in the first quarter of 2007 compared to the same period in 2006.
Actual starts in urban areas alone were down an estimated 10.3 per cent.
Actual single starts in urban areas were 16.3 per cent lower than they were a
year earlier, while actual urban multiple starts were down 5.3 per cent.

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

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

    (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.

    (Ce document existe également en français)

    Housing Starts, Actual and SAAR(*)
                                      Actual                     SAAR
                                March        March     February        March
                                 2006         2007         2007         2007
                                Final  Preliminary        Final  Preliminary
    Canada, all areas          16,844       14,099      196,000      210,900
      Canada, rural areas       1,663        1,518       33,000       33,000
      Canada, urban
       centres(xx)             15,181       12,581      163,000      177,900
        Canada, singles,
         urban centres          6,219        5,537       80,200       85,200
        Canada, multiples,
         urban centres          8,962        7,044       82,800       92,700

        Atlantic region,
         urban centres            279          169        8,900        6,500
        Quebec, urban
         centres                3,309        2,903       36,100       39,900
        Ontario, urban
         centres                4,613        3,063       50,700       50,800
        Prairie region,
         urban centres          3,962        3,826       39,000       49,200
        British Columbia,
         urban centres          3,018        2,620       28,300       31,500
    Source: CMHC
    (*)  Seasonally adjusted annual rates
    (xx) Urban centres with a population of 10,000 persons and over.
         Detailed data available upon request.

For further information:

For further information: on this release: Bob Dugan, CMHC, (613)
748-4009 bdugan@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, cfrketic@cmhc-schl.gc.ca

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