Privacy  
CanEquity Mortgage Canada
Canadian mortgage rates,
mortgage calculator & news.

Canadian Mortgage News

January 2001 National News Archive

 

Related Links:
National Archive
2001 Archive
January 2001
February 2001
March 2001
April 2001
May 2001
June 2001
July 2001
August 2001
September 2001
October 2001
November 2001
December 2001


CanEquity Mortgage News RSS 2.0 Feed

CanEquity Mortgage News Atom Feed

About RSS and Atom Feeds

Portable Document Format Printable Version Page d'accueil franšais

Housing Starts Down in May

OTTAWA, Ontario, June 8, 2001 — The seasonally adjusted annual rate* of housing starts in Canada fell 4.3 per cent in May to 155,000 units compared with 162,000 units in April, according to Canada Mortgage and Housing Corporation (CMHC).

Urban multiple starts were down 4.4 per cent to an annual rate of 62,600 units compared with 65,500 in April. The Atlantic and Prairie regions were the two areas reporting a decrease. Urban single starts fell 5.5 per cent to an annual rate of 70,200 from 74,300 units the previous month. Quebec, Ontario and British Columbia had fewer single starts.

"The level of housing starts is still in line with our forecasts reflecting a favourable housing market environment," said Philippe Legoff, a senior economist at CMHC's Market Analysis Centre. "The percentage of dwellings absorbed at completion is still high, signalling continued strong demand."

*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:

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

HOUSING STARTS
ACTUAL AND SEASONALLY ADJUSTED ANNUAL DATA



APRIL 2001
FINAL
MAY 2001
PRELIMINARY
PROVINCE ACTUAL SAAR ACTUAL SAAR
NEWFOUNDLAND 58 800 131 1,300
PRINCE EDWARD ISLAND 22 300 34 300
NOVA SCOTIA 243 3,500 171 1,700
NEW BRUNSWICK 89 1,500 153 1,600
QUEBEC 2,735 21,900 2,475 19,100
ONTARIO 6,473 68,600 6,497 66,600
MANITOBA 177 2,100 129 1,500
SASKATCHEWAN 126 1,400 120 1,000
ALBERTA 2,104 24,700 2,257 23,500
BRITISH COLUMBIA 1,368 15,000 1,618 16,200
TOTAL (+10,000 pop.) 13,395 139,800 13,585 132,800
OTHER AREA ESTIMATES
(Less than 10,000 pop.)
2,121 22,200 2,521 22,200
CANADA 15,516 162,000 16,106 155,000

Canadian housing starts for May 2001

News source: Canada Mortgage and Housing Corporation (CMHC)

 

Top of page