Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

June 09, 2009 23:59 ET

June Housing Starts in Halifax

HALIFAX, July 9 - New residential construction in Halifax decreased
in June compared to the same period last year. According to Canada Mortgage
and Housing Corporation's (CMHC's) preliminary data(1) released today for
Halifax, there were 135 total housing starts last month, compared with 264 in
June 2008, a decrease of 49 per cent. At 111 units, single-detached starts
were off by 17 per cent compared to June of last year. Multiple starts
declined sharply with only 24 units starting in June 2009 compared to 130 a
year ago.

"Overall construction levels were much lower last month due to the fact
there were no apartment starts in Halifax compared to a relatively strong
month of apartment starts in June of last year," said Charlie Aucoin, market
analyst with CMHC's Atlantic Business Centre. "Single detached starts on the
other hand showed some signs of improvement with the highest level of monthly
starts since last September," added Aucoin.

In urban centres across Canada, total housing starts in June declined by
36 per cent, down to 11,686 compared to last year's total of 18,338.
Single-detached starts decreased 27 per cent to 5,716 units, while multiple
unit starts were down 43 per cent from 10,455 units last year to 5,970 units
this year. In the Atlantic region, 904 new units were started in June 2009
compared to 1,092 units during the same period in 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 - homes that will continue to create vibrant
and healthy communities and cities across the country.



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


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PRELIMINARY URBAN MONTHLY HOUSING STARTS
NOVA SCOTIA SUMMARY
-------------------------------------------------------------------------
2009 2008 YEAR-TO-DATE
---------------- % Change ---------------- % Change
JUN JUN 2009 2008
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ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 50,000
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HALIFAX CMA
Single 111 134 -17.2% 348 563 -38.2%
Multiple 24 130 -81.5% 271 472 -42.6%
TOTAL 135 264 -48.9% 619 1,035 -40.2%
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CAPE BRETON RGM
Single 15 18 -16.7% 48 71 -32.4%
Multiple 10 4 150.0% 34 29 17.2%
TOTAL 25 22 13.6% 82 100 -18.0%
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ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000
-------------------------------------------------------------------------
ALL CENTRES(*)
Single 211 227 -7.0% 617 899 -31.4%
Multiple 44 154 -71.4% 359 624 -42.5%
TOTAL 255 381 -33.1% 976 1,523 -35.9%
-------------------------------------------------------------------------
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.


-------------------------------------------------------------------------
PRELIMINARY URBAN QUARTERLY HOUSING STARTS
NOVA SCOTIA SUMMARY
-------------------------------------------------------------------------
2009 2008 YEAR-TO-DATE
---------------- % Change ---------------- % Change
Q2 Q2 2009 2008
-------------------------------------------------------------------------
ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 10,000
-------------------------------------------------------------------------
HALIFAX CMA
Single 244 359 -32.0% 348 563 -38.2%
Multiple 101 253 -60.1% 271 472 -42.6%
TOTAL 345 612 -43.6% 619 1,035 -40.2%
-------------------------------------------------------------------------
CAPE BRETON RGM
Single 34 49 -30.6% 48 71 -32.4%
Multiple 24 23 4.3% 34 29 17.2%
TOTAL 58 72 -19.4% 82 100 -18.0%
-------------------------------------------------------------------------
TRURO CA
Single 25 42 -40.5% 30 60 -50.0%
Multiple 6 4 50.0% 6 26 -76.9%
TOTAL 31 46 -32.6% 36 86 -58.1%
-------------------------------------------------------------------------
KENTVILLE CA
Single 15 17 -11.8% 19 21 -9.5%
Multiple 2 4 -50.0% 4 8 -50.0%
TOTAL 17 21 -19.0% 23 29 -20.7%
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NEW GLASGOW CA
Single 22 5 (XX) 27 12 (XX)
Multiple 8 14 -42.9% 10 23 -56.5%
TOTAL 30 19 57.9% 37 35 5.7%
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ALL OTHER URBAN
CENTRES
Single 112 126 -11.1% 145 172 -15.7%
Multiple 18 14 28.6% 34 66 -48.5%
TOTAL 130 140 -7.1% 179 238 -24.8%
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ALL CENTRES(*)
Single 452 598 -24.4% 617 899 -31.4%
Multiple 159 312 -49.0% 359 624 -42.5%
TOTAL 611 910 -32.9% 976 1,523 -35.9%
-------------------------------------------------------------------------
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).
(*)(*) 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).
(XX) Indicates changes in excess of 100% which are not reported due to
volatility resulting from small absolute numbers.

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