Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

August 11, 2009 23:59 ET

PEI Housing Starts in July

CHARLOTTETOWN - Aug. 11 - Total urban housing starts for PEI increased in July compared to the same month last year. According to figures released today by Canada Mortgage and Housing Corporation (CMHC), preliminary data(1) indicates that a total of 56 starts were reported in July of 2009 compared to 47 in 2008.

Residential construction activity during the month of July was centered primarily in the Charlottetown area. "An increase in multi-residential starts last month led to the overall increase in starts for July as 23 multiple starts were recorded in Charlottetown compared to 8 last year," said Jason Beaton, market analyst with CMHC. There were 31 single starts recorded in Charlottetown compared to 39 last year and in Summerside, there were 2 single starts, down from 3 last year.

In urban centres across Canada, total housing starts in July were down 32 per cent to 10,570 units compared to last year's monthly total of 15,456. Single-detached starts were down 28 per cent to 5,465 units, while multiple starts were down 35 per cent in July to 5,105 units compared to 7,603 units during the same period last year. In the Atlantic region, 858 new units were started in July compared to 1,144 units in July of last 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.

(Ce document existe également en français) 

-------------------------------------------------------------------------

-------------------------------------------------------------------------

               PRELIMINARY URBAN MONTHLY HOUSING STARTS

                     PRINCE EDWARD ISLAND SUMMARY

-------------------------------------------------------------------------

-------------------------------------------------------------------------

                     2009     2008               YEAR-TO-DATE

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

                      JUL      JUL               2009     2008

-------------------------------------------------------------------------

        ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000

-------------------------------------------------------------------------

CHARLOTTETOWN CA

Single                 31       36     -13,9%     121      150     -19,3%

Multiple               23        4       (XX)     145       72       (XX)

TOTAL                  54       40      35,0%     266      222      19,8%

-------------------------------------------------------------------------

SUMMERSIDE CA

Single                  2        3     -33,3%      16       24     -33,3%

Multiple                0        4       (XX)       0       12       (XX)

TOTAL                   2        7     -71,4%      16       36     -55,6%

-------------------------------------------------------------------------

ALL CENTRES(*)

Single                 33       39     -15,4%     137      174     -21,3%

Multiple               23        8       (XX)     145       84      72,6%

TOTAL                  56       47      19,1%     282      258       9,3%

-------------------------------------------------------------------------

-------------------------------------------------------------------------

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

     volatility resulting from small absolute numbers.

 

Contact Information