Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

September 09, 2009 23:59 ET

August Housing Starts in Halifax

HALIFAX - Sept. 9 - Residential construction activity in Halifax increased last month compared to August 2008. According to Canada Mortgage and Housing Corporation's (CMHC's) preliminary data(1) released today for Halifax, there were 229 total housing starts last month, compared with 123 in August 2008.

Overall starts were bolstered by a sharp rise in multiple starts which increased from 23 in August 2008 to 146 last month. With 83 units, single-detached starts saw the lowest monthly decrease of the year at 17 per cent.

"The large increase in residential construction last month was due to the start of 130 apartment-style units in Halifax," said Matthew Gilmore, senior market analyst with CMHC's Atlantic Business Centre. "The start of some new apartments and the slower rate of decline in single starts are reflective of near record employment and wage levels in the city," added Gilmore.

In urban centres across Canada, total housing starts in August were down 27 per cent to 12,187 units compared to last year's monthly total of 16,807. Single-detached starts were down 26 per cent to 5,211 units, while multiple starts were down 28 per cent in August to 6,976 units compared to 9,744 units during the same period last year. In the Atlantic region, 835 new units were started in August compared to 879 units in August 2008.

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.

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(1) Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.

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

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               PRELIMINARY URBAN MONTHLY HOUSING STARTS

                         NOVA SCOTIA SUMMARY

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                       2009  2008              YEAR-TO-DATE

                       ----------  % Change    ------------   % Change

                        AUG   AUG               2009   2008

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       ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 50,000

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HALIFAX CMA

Single                   83   100     -17.0%     526    797      -34.0%

Multiple                146    23     534.8%     501    645      -22.3%

TOTAL                   229   123      86.2%   1,027  1,442      -28.8%

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CAPE BRETON RGM

Single                   18    19      -5.3%      83    108      -23.1%

Multiple                  8    16     -50.0%      40     53      -24.5%

TOTAL                    26    35     -25.7%     123    161      -23.6%

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        ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000

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ALL CENTRES(*)

Single                  135   199     -32.2%     895  1,369      -34.6%

Multiple                161    46     250.0%     622    862      -27.8%

TOTAL                   296   245      20.8%   1,517  2,231      -32.0%

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Figures for the most recent month are preliminary and subject to

revisions due to corrections or updates from quarterly enumeration or

sampling results.

(*)  Includes all centres with a total population of more than 10,000

     (Halifax CMA, Cape Breton RGM, Truro CA, Kentville CA and New

     Glasgow CA, Chester MD CA, East Hants MD CA, Kings Subd. A SC CA,

     Lunenburg MD CA, Queens RGM CA, West Hants MD CA, Yarmouth MD CA).

(XX) Indicates changes in excess of 100% which are not reported due to

     volatility resulting from small absolute numbers. 

Contact Information

  • Matthew Gilmore, Senior Market Analyst, Canada
    Mortgage and Housing Corporation, (902) 426-4686, mgilmore@cmhc-schl.gc.ca