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Housing Starts Up in June

OTTAWA, Ontario, July 10, 2001 — The seasonally adjusted annual rate* of housing starts in Canada went up by 13.7 per cent in June to 176,200 units compared with 155,000 units in May, according to Canada Mortgage and Housing Corporation (CMHC).

Urban multiple starts rose 24.6 per cent to an annual rate of 78,000 units compared with 62,600 in May. Urban single starts increased 8.3 per cent to an annual rate of 76,000 from 70,200 units the previous month. All regions have posted gains in each type of dwellings this month except in the Atlantic where the urban single starts were down.

"This month's growth in total starts comes from a strong performance of multiple urban starts especially in the Atlantic and Ontario. For the multiple starts, this marks the fourth consecutive rise since February" said John-John D'Argensio, an economist at CMHC's Market Analysis Centre. "In addition, the increase in single urban starts conveys that the demand for housing is still solid."

*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

MAY 2001
FINAL
JUNE 2001
PRELIMINARY
PROVINCE ACTUAL SAAR ACTUAL SAAR
NEWFOUNDLAND 131 1,300 141 1,200
PRINCE EDWARD ISLAND 34 300 25 200
NOVA SCOTIA 171 1,700 376 2,800
NEW BRUNSWICK 153 1,600 238 1,800
QUEBEC 2,467 19,000 2,338 21,400
ONTARIO 6,512 66,700 7,450 81,500
MANITOBA 129 1,500 179 1,500
SASKATCHEWAN 120 1,000 193 1,900
ALBERTA 2,257 23,500 2,405 24,000
BRITISH COLUMBIA 1,618 16,200 1,633 17,700
TOTAL (+10,000 pop.) 13,592 132,800 14,978 154,000
OTHER AREA ESTIMATES
(Less than 10,000 pop.)
2,512 22,200 2,462 22,200
CANADA 16,104 155,000 17,440 176,200

Canadian housing starts for June 2001

News source: Canada Mortgage and Housing Corporation (CMHC)

 

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