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Housing Starts Up Four Per Cent in December

OTTAWA, Ontario, January 9, 2002 — The seasonally adjusted annual rate* of housing starts in Canada increased 4.0 per cent in December to 175,500 units from 168,800 units in November, according to Canada Mortgage and Housing Corporation (CMHC).

Urban singles rose 2.0 per cent to an annual rate of 85,700 units from 84,000 in November while urban multiple starts climbed 7.9 per cent to an annual rate of 68,300 units from 63,300. Estimated rural starts remained unchanged at a seasonally adjusted annual rate of 21,500 units.

"This is a strong finish for housing starts," said Philippe Le Goff, senior economist at CMHC's Market Analysis Centre. "The building industry is responding to tight resale and rental markets in many metropolitan areas. In fact, the December urban singles segment posted its highest level since March 2000."

"Year-to-date actual urban housing starts reached 142,284 in 2001, 8.6 per cent higher than the 131,052 units started in 2000. While the single detached market increased 5.2 per cent, the main source of strength last year remained the multiples market, up 13.0 per cent. The preliminary estimate for total urban and rural housing starts in 2001 is 163,200 units. The final figure will be available on January 16, 2002.

* Most starts figures in this release are seasonally adjusted annual rates (SAAR), that is, actual monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect an annual pace.

Information:

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


 

Housing Starts

Actual and Seasonally Adjusted Annual Data

  November 2001
Final
December 2001
Preliminary
Province Actual SAAR Actual SAAR
NEWFOUNDLAND 145 1,600 103 1,800
PRINCE EDWARD ISLAND 49 600 13 300
NOVA SCOTIA 243 2,900 253 4,200
NEW BRUNSWICK 176 1,800 191 3,000
QUEBEC 1,951 21,500 2,354 29,500
ONTARIO 6,519 70,900 5,676 69,800
MANITOBA 123 1,600 88 1,400
SASKATCHEWAN 142 1,800 114 1,800
ALBERTA 2,345 27,600 2,173 27,400
BRITISH COLUMBIA 1,376 17,000 1,043 14,800
TOTAL (+10,000 pop.) 13,069 147,300 12,008 154,000
OTHER AREA ESTIMATES
(Less than 10,000 pop.)
2,093 21,500 1,798 21,500
CANADA 15,162 168,800 13,806 175,500

Housing Starts - December 2001

News source: Canada Mortgage and Housing Corporation (CMHC)

 

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