Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

June 08, 2009 23:59 ET

May Housing Starts in New Brunswick

MONCTON, June 8 - According to Canada Mortgage and Housing
Corporation's (CMHC's) preliminary data(1) released today, residential
construction in May produced a total of 334 starts in New Brunswick's urban
centres compared to 481 units during the same period last year.

"Total urban starts for the month of May were down from last year's
monthly level due to an overall decrease in both single and multiple starts in
provincial urban centres," said Claude Gautreau, CMHC's senior market analyst
for New Brunswick. Single starts in provincial urban centres were down 38 per
cent to 138 units in May. Year-to-date, single starts were down by 39 per cent
to 292 units.

Meanwhile, in New Brunswick's urban centres, a total of 196 multiple
starts were recorded in May of 2009, down from 258 units during the same month
last year. The year-to-date decline in multiple starts was moderate at 6.7 per
cent at the end of May. "Increased activity in both Saint John and Fredericton
through the first five months of 2009 has bolstered overall multiple starts in
provincial urban centres," continued Gautreau.

In urban centres across Canada, total housing starts in May declined by
46 per cent, down to 10,368 compared to last year's total of 19,222.
Single-detached starts decreased 42 per cent to 4,939 units, while multiple
unit starts were down 49 per cent from 10,654 units last year to 5,429 units
this year. In the Atlantic region, 760 new units were started in May 2009
compared to 1,094 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.


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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.


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PRELIMINARY URBAN MONTHLY HOUSING STARTS
NEW BRUNSWICK SUMMARY
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2009 2008 YEAR-TO-DATE
------------ % Change -------------- % Change
MAY MAY 2009 2008
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ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 50,000
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SAINT JOHN CMA
Single 40 57 -29.8% 103 164 -37.2%
Multiple 60 20 (XX) 192 138 39.1%
TOTAL 100 77 29.9% 295 302 -2.3%
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MONCTON CMA
Single 44 96 -54.2% 76 155 -51.0%
Multiple 114 165 -30.9% 170 248 -31.5%
TOTAL 158 261 -39.5% 246 403 -39.0%
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FREDERICTON CA
Single 29 47 -38.3% 70 117 -40.2%
Multiple 22 66 -66.7% 95 72 31.9%
TOTAL 51 113 -54.9% 165 189 -12.7%
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ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000(*)
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ALL CENTRES
Single 138 223 -38.1% 292 477 -38.8%
Multiple 196 258 -24.0% 457 490 -6.7%
TOTAL 334 481 -30.6% 749 967 -22.5%
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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
(Saint John CMA, Moncton CA, Fredericton CA, Bathurst CA,
Campbellton CA, Edmundston CA, and Miramichi City).

(XX) Indicates changes in excess of 100% which are not reported due to
volatility resulting from small absolute numbers.

Contact Information

  • Claude Gautreau, CMHC Market Analysis Centre,
    (506) 851-2742, Cell: (506) 866-9002, cgautrea@cmhc.ca; visit www.cmhc.ca or
    call 1 800 668-2642