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

Canadian Mortgage News

July 2009 National News Archive


Related Links:
National Archive
2009 Archive
January 2009
February 2009
March 2009
April 2009
May 2009
June 2009
July 2009
August 2009
September 2009
October 2009
November 2009
December 2009

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 Increase in June

OTTAWA, Ontario, July 09, 2009 — The seasonally adjusted annual rate1 of housing starts increased to 140,700 units in June from 130,300 units in May, according to Canada Mortgage and Housing Corporation (CMHC).

“The increase in housing starts in June is broadly based, encompassing both the singles and multiples segments,” said Bob Dugan, Chief Economist at CMHC. “In addition, Western Canada experienced an increase this month.”

Housing starts are expected to improve throughout 2009 and over the next several years to gradually become more closely aligned to demographic demand, which is currently estimated at about 175,000 units per year.

The seasonally adjusted annual rate of urban starts increased 9.5 per cent to 120,100 units in June. Urban multiple starts increased 11.3 per cent to 67,000 units, while urban single starts also moved up by 7.3 per cent to 53,100 units in June.

June’s seasonally adjusted annual rate of urban starts increased 59.4 per cent in the Prairies, 25 per cent in British Columbia, and 3.1 per cent in Ontario. Urban starts declined 6.3 per cent in Quebec, and 3.9 per cent in Atlantic Canada.

Rural starts were estimated at a seasonally adjusted annual rate of 20,600 units in June2.

As Canada’s national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes — homes that will continue to create vibrant and healthy communities and cities across the country.

For more information, call 1-800-668-2642.

1 All starts figures in this release, other than actual starts, are seasonally adjusted annual rates (SAAR) — that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels.

2 CMHC estimates the level of rural starts for each of the three months of the quarter, at the beginning of each quarter. During the last month of the quarter, CMHC conducts the survey in rural areas and revises the estimate.

Information on this release:
Kristen Scheel
CMHC Media Relations
Tel.: 613-748-2799
Cell: 613-316-2949

For regional starts information contact:
Atlantic provinces:
Alex MacDonald
Kevin Hughes
Ted Tsiakopoulos
Prairie provinces:
Lai Sing Louie

British Columbia:
Carol Frketich

Housing Starts in Canada — All Areas

Housing Starts, Actual and SAAR*
Canada, all areas 20,809 13,743 130,300 140,700
Canada, rural areas 2,471 2,057 20,600 20,600
Canada, urban centres** 18,338 11,686 109,700 120,100
Canada, singles, urban centres 7,883 5,716 49,500 53,100
Canada, multiples, urban centres 10,455 5,970 60,200 67,000

Atlantic region, urban centres 1,092 904 7,700 7,400
Québec, urban centres 3,706 2,990 34,800 32,600
Ontario, urban centres 8,248 4,440 42,100 43,400
Prairie region, urban centres 2,657 2,290 15,500 24,700
British Columbia, urban centres 2,635 1,062 9,600 12,000

News source: Canada Mortgage and Housing Corporation (CMHC)


Top of page