Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

May 08, 2009 23:59 ET

April housing starts

OTTAWA, May 8 - The seasonally adjusted annual rate(1) of
housing starts decreased to 117,400 units in April from 146,500 units in
March, according to Canada Mortgage and Housing Corporation (CMHC).
"The decrease in April's housing starts is partly attributable to the
volatile multiple starts segment," said Bob Dugan, Chief Economist at CMHC's
Market Analysis Centre. "Most of the decline has occurred in the condominium
segment in Ontario."
While some improvement is expected, new home construction is unlikely to
match the pace set over the past seven years, which exceeded 200,000 units per
year. Housing starts will be 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 decreased 24 per cent
to 96,800 units in April. Urban multiple starts decreased 32.7 per cent to
54,700 units, while urban single starts moved down 8.7 per cent to 42,100
units in April.
April's seasonally adjusted annual rate of urban starts increased 1 per
cent in British Columbia. Urban starts declined 43.7 per cent in Ontario, 16
per cent in Atlantic Canada, 7.1 per cent in Quebec, and 3.0 per cent in the
Rural starts were estimated at a seasonally adjusted annual rate of
20,600 units in April(2).

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.

(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.

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

This release is also available on the CMHC Web site:

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Please click below to view the Housing Starts in Canada - All areas chart

Housing Starts, Actual and SAAR(*)

Actual SAAR
April April March April
2008 2009 2009 2009
Final Preliminary Final Preliminary
Canada, all areas 19,368 9,860 146,500 117,400
Canada, rural
areas 2,159 1,797 19,100 20,600
Canada, urban
centres(xx) 17,209 8,063 127,400 96,800
Canada, singles,
urban centres 6,888 3,526 46,100 42,100
Canada, multiples,
urban centres 10,321 4,537 81,300 54,700

Atlantic region,
urban centres 533 369 8,100 6,800
Quebec, urban
centres 3,964 3,051 35,400 32,900
Ontario, urban
centres 6,665 2,731 60,600 34,100
Prairie region,
urban centres 2,955 1,070 13,500 13,100
British Columbia,
urban centres 3,092 842 9,800 9,900
Source: CMHC
(*) Seasonally adjusted annual rates
(xx) Urban centres with a population of 10,000 and over.
Detailed data available upon request.

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