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Housing Starts Up in April

OTTAWA, Ontario, May 8, 2001 — The seasonally adjusted annual rate* of housing starts in Canada rose 3.1 per cent in April to 162,300 units compared with 157,400 units in March, according to Canada Mortgage and Housing Corporation (CMHC).

April's urban multiple starts were up 15.2 per cent to an annual rate of 65,800 units compared with 57,100 in March, due to more starts in the Atlantic, Prairies, and British Columbia. Urban single starts fell 5.8 per cent to an annual rate of 74,300 from 78,900 units the previous month. Housing starts in rural areas were estimated at an annual rate of 22,200 units.

"Overall home-building remains strong, with gains in apartment starts offsetting drops in single detached starts", said John-John D'Argensio, an economist at CMHC's Market Analysis Centre. "Most market indicators point to sustained residential construction activity over the next few months".

* 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.

Information:

John-John D'Argensio
CMHC
(613) 748-2300 ext: 3500
jdargens@cmhc-schl.gc.ca


HOUSING STARTS
ACTUAL AND SEASONALLY ADJUSTED ANNUAL DATA



MARCH 2001
FINAL
APRIL 2001
PRELIMINARY
PROVINCE ACTUAL SAAR ACTUAL SAAR
NEWFOUNDLAND 17 400 58 800
PRINCE EDWARD ISLAND 11 400 22 300
NOVA SCOTIA 59 1,200 243 3,500
NEW BRUNSWICK 39 1,800 91 1,500
QUEBEC 1,495 21,800 2,735 21,900
ONTARIO 4,655 74,100 6,473 68,600
MANITOBA 92 1,600 177 2,200
SASKATCHEWAN 98 1,600 140 1,500
ALBERTA 1,318 20,700 2,104 24,800
BRITISH COLUMBIA 806 12,400 1,368 15,000
TOTAL (+10,000 pop.) 8,590 136,000 13,411 140,100
OTHER AREA ESTIMATES
(Less than 10,000 pop.)
875 21,400 2,121 22,200
CANADA 9,465 157,400 15,532 162,300

Canadian housing starts for April 2001

News source: Canada Mortgage and Housing Corporation (CMHC)

 

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