Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 08, 2009 23:59 ET

New Brunswick Housing Starts Decline in March

MONCTON, NB, April 8 - According to Canada Mortgage and Housing
Corporation's (CMHC's) preliminary data(1), residential construction in March
produced a total of 70 starts in New Brunswick's urban centres compared to 86
units during the same period last year.
"Total urban starts for the month of March were lower than last year's
monthly level due to a year-over-year decline in single starts," said Claude
Gautreau, CMHC's senior market analyst for New Brunswick. A total of 33 single
starts were recorded in March of 2009, compared to 50 units during the same
month last year.
Meanwhile, multiple starts in provincial urban centres were essentially
unchanged in March with a one unit increase to 37 units compared to last
year's total of 36 units for the month. "Multiple starts in provincial urban
centres during the first quarter were down by a moderate 3.7 per cent,
partially bolstered by increased activity in Saint John during the first three
months of the year," continued Gautreau.
In urban centres across Canada, total housing starts in March declined by
45 per cent, down to 8,629 compared to last year's total of 15,616.
Single-detached starts decreased 46 per cent to 2,566 units, while multiple
unit starts were down 44 per cent from 10,867 units last year to 6,063 units
this year. In the Atlantic region, 244 new units were started in March 2009
compared to 522 units during the same period in 2008.
New home construction in Canada is slowing to more sustainable levels and
starts are forecast to come in at 160,250 units, within a range of 141,000 to
180,000 units in 2009. These trends are reflected in the year-to-date actual
starts. These decreases, however, should be viewed in the context that housing
starts have been exceptionally strong over the past 7 years, exceeding 200,000
units per year.

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.

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

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PRELIMINARY URBAN MONTHLY HOUSING STARTS
NEW BRUNSWICK SUMMARY
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2009 2008 YEAR-TO-DATE
-------------- --------------
MAR MAR % Change 2009 2008 % Change
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ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
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SAINT JOHN CMA
Single 13 25 -48.0% 40 72 -44.4%
Multiple 31 25 24.0% 123 93 32.3%
TOTAL 44 50 -12.0% 163 165 -1.2%
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MONCTON CMA
Single 6 8 -25.0% 22 34 -35.3%
Multiple 6 6 0.0% 32 43 -25.6%
TOTAL 12 14 -14.3% 54 77 -29.9%
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FREDERICTON CA
Single 11 15 -26.7% 30 55 -45.5%
Multiple 0 0 - 2 4 -50.0%
TOTAL 11 15 -26.7% 32 59 -45.8%
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ALL URBAN CENTRES WITH POPULATION (greater than) 10,000(*)
-------------------------------------------------------------------------
ALL CENTRES
Single 33 50 -34.0% 102 170 -40.0%
Multiple 37 36 2.8% 157 163 -3.7%
TOTAL 70 86 -18.6% 259 333 -22.2%
-------------------------------------------------------------------------
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 CMA, 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.


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PRELIMINARY QUARTERLY HOUSING STARTS
NEW BRUNSWICK SUMMARY
-------------------------------------------------------------------------
2009 2008 YEAR-TO-DATE
-------------- --------------
Q1 Q1 % Change 2009 2008 % Change
-------------------------------------------------------------------------
ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
-------------------------------------------------------------------------
SAINT JOHN CMA
Single 40 72 -44.4% 40 72 -44.4%
Multiple 123 93 32.3% 123 93 32.3%
TOTAL 163 165 -1.2% 163 165 -1.2%
-------------------------------------------------------------------------
MONCTON CMA
Single 22 34 -35.3% 22 34 -35.3%
Multiple 32 43 -25.6% 32 43 -25.6%
TOTAL 54 77 -29.9% 54 77 -29.9%
-------------------------------------------------------------------------
FREDERICTON CA
Single 30 55 -45.5% 30 55 -45.5%
Multiple 2 4 -50.0% 2 4 -50.0%
TOTAL 32 59 -45.8% 32 59 -45.8%
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BATHURST CA
Single 3 2 50.0% 3 2 50.0%
Multiple 0 6 (xx) 0 6 (xx)
TOTAL 3 8 -62.5% 3 8 -62.5%
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CAMPBELLTON CA
Single 1 1 0.0% 1 1 0.0%
Multiple 0 0 - 0 0 -
TOTAL 1 1 0.0% 1 1 0.0%
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EDMUNDSTON CA
Single 1 1 0.0% 1 1 0.0%
Multiple 0 0 - 0 0 -
TOTAL 1 1 0.0% 1 1 0.0%
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MIRAMICHI CA
Single 5 5 0.0% 5 5 0.0%
Multiple 0 17 (xx) 0 17 (xx)
TOTAL 5 22 -77.3% 5 22 -77.3%
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ALL URBAN
CENTRES(*)
Single 102 170 -40.0% 102 170 -40.0%
Multiple 157 163 -3.7% 157 163 -3.7%
TOTAL 259 333 -22.2% 259 333 -22.2%
-------------------------------------------------------------------------
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.

Data for 2006 on 2001 Census Definitions.
Data for 2008 on 2006 Preliminary Census Definitions.

Contact Information

  • For further information: Claude Gautreau, CMHC Market Analysis Centre,
    (506) 851-2742, Cell: (506) 866-9002, cgautrea@cmhc.ca