Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

August 11, 2009 23:59 ET

Quebec Housing Starts in July

MONTREAL, Aug. 11 - According to the results of the latest monthly survey conducted by Canada Mortgage and Housing Corporation (CMHC), residential construction declined this past month in Quebec's centres with 10,000 or more inhabitants. In all, 3,080 dwellings were started in July 2009, compared to 3,348 a year earlier. But, the seasonally adjusted annual rate of starts for this same month (38,000) was higher than for the month of June (32,600).

In the census metropolitan areas (CMAs), starts remained stable, with 2,584 units in July 2009, compared to 2,582 units a year ago. In fact, most CMAs posted gains during this period; in particular, the Trois-Rivières area registered a volume above the level recorded a year earlier. It was a different story in the larger census agglomerations (CAs), as three of the five larger CAs saw decreases, for an overall drop of 13 per cent, mainly due to fewer multi-family home starts.

Single-detached home building fell by 26 per cent year-over-year in July, as four of the six CMAs recorded losses. Based on the survey results, the Saguenay, Sherbrooke (-39 per cent in both cases) and Québec (-26 per cent) areas registered the largest declines. While starts remained relatively stable in the Gatineau area, they increased in the Trois-Rivières area (47 per cent), compared to the same month last year (see table).

Starts of multiple housing (semi-detached houses, row homes and apartments), for their part, were up by 8 per cent over July 2008. Activity was strong in all the large urban centres across the province, except in the Montréal CMA, which recorded an 18-per-cent drop. In fact, in most of the Quebec CMAs, starts more than doubled in July compared to the same month in 2008. "The increase in multi-unit housing construction reflects buyers' interest in more affordable housing. This growth was observed in both the semi-detached and row home segment and the condominium apartment segment," said Bertrand Recher, Senior Market Analyst at CMHC for the province of Quebec.

An analysis of the results by intended market shows that condominium starts were up by 32 per cent from the same period last year. Rental housing and freehold home starts, for their part, registered decreases of 13 per cent and 10 per cent, respectively.

For the first seven months of the year, starts in Quebec's centres with 10,000 or more inhabitants were down by 20 per cent, compared to the same period last year. This result reflected the decreases in single-detached home building (-25 per cent) and, to a lesser extent, in multiple-unit housing construction (-17 per cent).

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


   Preliminary Results - Monthly Starts Survey - Province of Quebec

                    (centres with 10,000+ inhab.)

                                 July

                  Singles           Multiples              Total

               2008   2009   %    2008    2009    %    2008    2009     %

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

Centres with

 100,000+

 inhab.

GATINEAU         94    95    1     106     128   21     200     223   12

MONTREAL        626   509  -19   1,111     915  -18   1,737   1,424  -18

QUEBEC          198   146  -26     155     410 (xxx)    353     556   58

SAGUENAY         51    31  -39      16      44 (xxx)     67      75   12

SHERBROOKE      120    73  -39      23      62 (xxx)    143     135   -6

TROIS-RIVIERES   36    53   47      46     118 (xxx)     82     171 (xxx)

Subtotal

 (100,000+)   1,125   907  -19   1,457   1,677   15   2,582   2,584    0

Centres with

 50,000 to

 99,999 inhab.

DRUMMONDVILLE   24     39   63      65      20  -69      89      59  -34

GRANBY          35     30  -14      36      59   64      71      89   25

SAINT-

 HYACINTHE      10      8  -20      25      24   -4      35      32   -9

SAINT-JEAN-

 SUR-RICHELIEU  31     18  -42      41      23  -44      72      41  -43

SHAWINIGAN      10      5  -50       2      18 (xxx)     12      23   92

Subtotal

 (50,000 to

 99,999)       110    100   -9     169     144  -15     279     244  -13

Quebec

 (estimate

 10,000+)    1,540  1,136  -26   1,808   1,944    8   3,348   3,080   -8



                           January to July

                  Singles           Multiples              Total

              2008   2009    %    2008    2009    %    2008    2009    %

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

Centres with

 100,000+ inhab.

GATINEAU       544    564    4     876   1,100   26   1,420   1,664   17

MONTREAL     4,282  2,834  -34   9,074   7,211  -21  13,356  10,045  -25

QUEBEC       1,226    991  -19   2,150   1,718  -20   3,376   2,709  -20

SAGUENAY       236    152  -36      83     112   35     319     264  -17

SHERBROOKE     458    440   -4     399     444   11     857     884    3

TROIS-

 RIVIERES      218    209   -4     394     359   -9     612     568   -7

Subtotal

 (100,000+)  6,964  5,190  -25  12,976  10,944  -16  19,940  16,134  -19

Centres with

 50,000 to

 99,999 inhab.

DRUMMOND-

 VILLE         189    189    0     190      98  -48     379     287  -24

GRANBY         176    134  -24     239     199  -17     415     333  -20

SAINT-

 HYACINTHE      75     37  -51      94      85  -10     169     122  -28

SAINT-JEAN-

 SUR-RICHELIEU 169    127  -25     181      82  -55     350     209  -40

SHAWINIGAN      69     40  -42      26      36   38      95      76  -20

Subtotal

 (50,000 to

 99,999)       678    527  -22     730     500  -32   1,408   1,027  -27

Quebec

 (estimate

 10,000+)    9,089  6,776  -25  14,681  12,141  -17  23,770  18,917  -20

(xxx) Absolute value greater than 100%

 

Contact Information

  • Province of Quebec: Bertrand Recher, Senior
    Market Analyst, (514) 283-2758; Montréal: Stéphane Duguay, Market Analyst,
    (514) 496-1468; Sherbrooke (Estrie): Francis Cortellino, Market Analyst, (514)
    283-8391; Québec: Elisabeth Koulouris, Senior Market Analyst, (418) 649-8098;
    Trois-Rivières (Mauricie): Marie-Elaine Denis, Market Analyst, (418) 649-8100;
    Gatineau (Outaouais, Abitibi): Patrice Tardif, Senior Market Analyst, (514)
    283-2097; Saguenay: Marie-Elaine Denis, Market Analyst, (418) 649-8100