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.
|PRINCE EDWARD ISLAND||11||400||22||300|
|TOTAL (+10,000 pop.)||8,590||136,000||13,411||140,100|
|OTHER AREA ESTIMATES
(Less than 10,000 pop.)