Housing starts remain stable in November

    OTTAWA, Dec. 10 /CNW Telbec/ - The seasonally adjusted annual rate(1) of
housing starts was 227,900 units in November, essentially unchanged from
227,600 units in October, according to Canada Mortgage and Housing Corporation
    "Housing starts remained strong in November and are consistent with our
new home construction forecast for 2007," said Bob Dugan, Chief Economist at
CMHC's Market Analysis Centre. "The strength in November is attributable to
the good performance of single-detached home starts, which reached their
highest level since March 2006."
    The seasonally adjusted annual rate of urban starts increased
0.2 per cent to 192,000 in November, compared to October. Urban singles were
up 12.8 per cent to 95,400 units in November, while multiple starts decreased
9.8 per cent to 96,600 units.
    In November, the seasonally adjusted annual rate of urban starts
increased in two of Canada's five regions. Urban starts registered an increase
of 12.7 per cent in Ontario and 16.9 per cent in British Columbia. The
Atlantic region, the Prairies and Quebec all recorded an easing of activity in
November (-8.0 per cent, -11.6 per cent, and -20.6 per cent respectively).
Urban single starts were up in all regions except the Prairies. Only the
Atlantic region and British Columbia saw increases in urban multiple starts.
    Rural starts were estimated at a seasonally adjusted annual rate of
35,900 units in November.
    Actual starts, in rural and urban areas combined, were up an estimated
2.7 per cent in the first 11 months of 2007 compared to the same period in
2006. In urban areas, actual total starts grew by an estimated 0.1 per cent
year-to-date. Actual urban single starts from January to November 2007 were
down 4.2 per cent compared to the same period in 2006, while multiple starts
grew by approximately 4.2 per cent over the same period.

    As Canada's national housing agency, CMHC draws on over 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.

    (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)

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

                     Housing Starts, Actual and SAAR(*)
                                    Actual                     SAAR
                             November     November      October     November
                                 2006         2007         2007         2007
                                Final  Preliminary        Final  Preliminary
    Canada, all areas          20,860       20,378      227,600      227,900
      Canada, rural areas       2,862        3,301       35,900       35,900
      Canada, urban
       centres(xx)             17,998       17,077      191,700      192,000
        Canada, singles,
         urban centres          7,486        8,065       84,600       95,400
        Canada, multiples,
         urban centres         10,512        9,012      107,100       96,600

        Atlantic region,
         urban centres            819          738        8,700        8,000
        Quebec, urban
         centres                4,207        3,019       39,400       31,300
        Ontario, urban
         centres                5,748        6,507       62,300       70,200
        Prairie region,
         urban centres          4,693        3,095       44,000       38,900
        British Columbia,
         urban centres          2,531        3,718       37,300       43,600
    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: on this release: Kristen Scheel, CMHC Media
Relations, (613) 748-4632, kscheel@cmhc-schl.gc.ca; Julie Girard, CMHC Media
Relations, (613)748-4684, jagirard@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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