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January 2001 National News Archive

 

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Housing Starts Up in January

OTTAWA, Ontario, February 8, 2001 — The annual rate of housing starts in Canada increased 20.1 per cent in January 2001 to 174,100 units* compared to 145,000 in December, according to Canada Mortgage and Housing Corporation (CMHC).

Urban multiples starts were up 48.3 per cent to 76,800 units, compared to 51,800 in December while urban singles starts went up 5.8 per cent to 78,200 in January from 73,900 units in December.

"In January, construction activity rebounded in the multiple segment in large metropolitan areas after a pause in December. Singles inched up as overall economic conditions are favourable to housing. This is the highest total starts level since June 1994," said Philippe Le Goff, Senior Economist at CMHC's Market Analysis Centre.

All provinces recorded increases with the exception of Newfoundland and P.E.I. Most of the gains occurred in Ontario, B.C. and Quebec, with Toronto, Vancouver and Montréal leading the way.

* All starts figures in this release are seasonally adjusted annual rates (SAAR), that is, raw monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect an annual pace. Other CMHC local and provincial releases may present analysis using raw figures.

For further information please contact:

Philippe Le Goff
CMHC
(613) 748-2933
plegoff@cmhc-schl.gc.ca


HOUSING STARTS
ACTUAL AND SEASONALLY ADJUSTED ANNUAL DATA



DECEMBER 2000
FINAL
JANUARY 2001
PRELIMINARY
PROVINCE ACTUAL SAAR ACTUAL SAAR
NEWFOUNDLAND 55 1,100 35 800
PRINCE EDWARD ISLAND 17 600 16 500
NOVA SCOTIA 164 3,300 217 4,000
NEW BRUNSWICK 65 1,200 147 3,000
QUEBEC 1,254 17,800 959 20,700
ONTARIO 5,323 65,900 4,767 79,600
MANITOBA 93 1,500 76 1,600
SASKATCHEWAN 46 800 87 1,700
ALBERTA 1,735 22,600 1,580 24,200
BRITISH COLUMBIA 839 10,900 1,189 18,900
TOTAL (+10,000 pop.) 9,591 125,700 9,073 155,000
OTHER AREA ESTIMATES
(Less than 10,000 pop.)
1,579 19,300 629 19,100
CANADA 11,170 145,000 9,702 174,100

Canadian housing starts for January 2001

News source: Canada Mortgage and Housing Corporation (CMHC)

 

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