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

Canadian Mortgage News

August 2011 National News Archive


Related Links:
National Archive
2011 Archive
January 2011
February 2011
March 2011
April 2011
May 2011
June 2011
July 2011
August 2011
September 2011
October 2011
November 2011
December 2011

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

July 2011 Housing Starts

OTTAWA, Ontario, August 09, 2011 — The seasonally adjusted annual rate1 of housing starts was 205,100 units in July, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 196,600 units in June 2011.

“Housing starts rose in July due to an increase in multiple starts in all regions except Quebec,” said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre. “The multiples sector showed continued strength in Ontario and a significant increase in British Columbia and in the Atlantic region.”

The seasonally adjusted annual rate of urban starts increased by 4.7 per cent to 185,200 units in July. Multiple urban starts were up by 13 per cent to 120,200 units, while urban single starts decreased by 7.8 per cent in July to 65,000 units.

July’s seasonally adjusted annual rate of urban starts increased by 36.1 per cent in the Atlantic region, by 33 per cent in British Columbia, and by 1.7 per cent in Ontario. Quebec posted a decrease of 7.8 per cent over the same period, while urban starts decreased by 0.3 per cent in the Prairie region.

Rural starts2 were estimated at a seasonally adjusted annual rate of 19,900 units in July.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. 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 informed 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. By removing seasonal ups and downs, seasonal adjustment makes it possible to highlight the fundamental trends of a series. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

2 CMHC estimates the level of starts in centres with a population of less than 10,000 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 these centres and revises the estimate.

Information on this release:

Charles Sauriol
CMHC Media Relations

For regional starts information contact:

Atlantic provinces:
Alex MacDonald

Shaun Hildebrand

British Columbia:
Carol Frketich

Francis Cortellino

Prairie provinces:
Richard Cho

Housing Starts in Canada — All Areas

Housing Starts, Actual and SAAR*
  Actual SAAR
  Revised Preliminary Revised Preliminary
Canada, all areas 18,142 18,679 196,600 205,100
 Canada, rural areas 2,195 2,193 19,700 19,900
Canada, urban centres** 15,947 16,486 176,900 185,200
Canada, singles, urban centres 7,206 6,396 70,500 65,000
Canada, multiples, urban centres 8,741 10,090 106,400 120,200
Atlantic region, urban centres 1,348 1,318 9,700 13,200
Quebec, urban centres 4,157 3,406 42,500 39,200
Ontario, urban centres 4,949 6,432 71,700 72,900
Prairie region, urban centres 3,694 2,883 31,800 31,700
British Columbia, urban centres 1,799 2,447 21,200 28,200

Source: CMHC
*Seasonally adjusted annual rates
**Urban centres with a population of 10,000 and over.
   Detailed data available upon request.

News source: Canada Mortgage and Housing Corporation (CMHC)


Top of page