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October Housing Starts

OTTAWA, Ontario, November 09, 2009 — The seasonally adjusted annual rate1 of housing starts reached 157,300 units in October. This is an increase from 149,300 units started in September, according to Canada Mortgage and Housing Corporation (CMHC).

“The improvement in housing starts in October is attributable to improvement in the multiple starts segment,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Despite a small decline in single home starts in October, the level of single home starts remains at its second highest level since October 2008.”

The seasonally adjusted annual rate of urban starts increased by 5.2 per cent to 139,900 units in October. Urban multiple starts climbed 13.8 per cent to 72,600 units, while urban single starts declined by 2.7 per cent to 67,300 units in October.

October’s seasonally adjusted annual rate of urban starts increased by 15 per cent in British Columbia, by 14.8 per cent in Ontario, by 6.5 per cent in the Prairies and by 1.2 per cent in the Atlantic. The rate of urban starts decreased by 11.6 per cent in Quebec.

Rural starts were estimated at a seasonally adjusted annual rate of 17,400 units in October2.

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. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making vital decisions.

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:

Charles Sauriol
CMHC
Media Relations
Tel.: 613-748-2799
csauriol@cmhc-schl.gc.ca

For regional starts information contact:

Atlantic provinces:
Alex MacDonald
CMHC
902-426-8964
amacdona@cmhc-schl.gc.ca

Ontario:
Ted Tsiakopoulos
CMHC
416-218-3407
ttsiakop@cmhc-schl.gc.ca

British Columbia:
Valerie Rosenthal
CMHC
604-202-2609
vrosenth@cmhc-schl.gc.ca

Quebec:
Kevin Hughes
CMHC
514-283-4488
khughes@cmhc-schl.gc.ca

Prairie provinces:
Lai Sing Louie
CMHC
403-515-2991
llouie@cmhc-schl.gc.ca

Housing Starts in Canada — All Areas*

Housing Starts, Actual and SAAR*
Actual SAAR
October
2008
October
2009
September
2009
October
2009
Final Preliminary Final Preliminary
Canada, all areas 19,597 15,828 149,300 157,300
Canada, rural areas 2,208 1,738 16,300 17,400
Canada, urban centres** 17,389 14,090 133,000 139,900
Canada, singles, urban centres 6,411 6,536 69,200 67,300
Canada, multiples, urban centres 10,978 7,554 63,800 72,600
Atlantic region, urban centres 950 788 8,100 8,200
Quebec, urban centres 4,144 3,065 36,100 31,900
Ontario, urban centres 7,403 5,940 48,500 55,700
Prairie region, urban centres 2,516 2,771 26,300 28,000
British Columbia, urban centres 2,376 1,526 14,000 16,100

News source: Canada Mortgage and Housing Corporation (CMHC)

 

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