Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 08, 2009 23:59 ET

Quebec housing starts decrease in March

MONTREAL, April 8 - According to the results of the latest
monthly starts survey conducted by Canada Mortgage and Housing Corporation
(CMHC), residential construction fell this past month in Quebec's centres with
10,000 or more inhabitants. In all, 2,561 dwellings were started in March,
compared to 2,968 a year earlier. However, the seasonally adjusted annual rate
of starts for the same month (35,400) was higher than for the month of
February (28,700). Nationally, the seasonally adjusted annual rate of housing
starts was 154,700 units in March, up from 136,100 in February.
"The extent of the drop in March is in line with our forecast," said
Kevin Hughes, Senior Economist at CMHC for Quebec.
In the census metropolitan areas (CMAs), housing starts fell by 16 per
cent in March (2,283 in 2009, compared to 2,717 in 2008). Except for the
Saguenay area, where activity remained stable, all CMAs registered decreases.
During this period, starts in the large census agglomerations (CAs) climbed by
17 per cent, thanks to the results recorded in the Drummondville and Granby
CAs (see table).
In the single-detached home segment, there were 761 starts in March, down
9 per cent year-over-year. Two significant results should be noted in the
CMAs: a 24-per-cent decrease in the Montréal area and a twofold increase in
Gatineau. The large CAs, for their part, registered a 5-per-cent gain.
As for the multiple-unit housing segment (semi-detached houses, row homes
and apartments), the survey revealed a more pronounced decrease (-15 per cent)
than in the single-detached home segment. Almost all the CMAs recorded
declines compared to March 2008. The opposite once again held true in the
large CAs, where starts increased by 29 per cent in this category (see table).
"An analysis of the results by intended market shows that condominium
starts were down significantly from the same period last year. The March
survey revealed a 42-per-cent drop," added Kevin Hughes.

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.)

March

Single-Detached Others Total
2008 2009 % 2008 2009 % 2008 2009 %
------------------ ------------------ ------------------
Centres with
100,000+ inhab.
(March)

GATINEAU 31 62 100 182 116 -36 213 178 -16
MONTREAL 521 394 -24 1,521 1,411 -7 2,042 1,805 -12
QUEBEC 113 118 4 209 82 -61 322 200 -38
SAGUENAY 11 6 -45 0 6 (xxx) 11 12 9
SHERBROOKE 31 34 10 48 36 -25 79 70 -11
TROIS-RIVIERES 16 8 -50 34 10 -71 50 18 -64

Subtotal
(100,000+) 723 622 -14 1,994 1,661 -17 2,717 2,283 -16

Centres with
50,000 to
99,999 inhab.
(March)

DRUMMONDVILLE 9 8 -11 4 16 (xxx) 13 24 85
GRANBY 8 7 -13 12 24 100 20 31 55
SAINT-HYACIN-
THE(*) 7 4 -43 4 6 50 11 10 -9
SHAWINIGAN 2 1 -50 0 0 0 2 1 -50
SAINT-JEAN-SUR-
RICHELIEU 18 26 44 25 12 -52 43 38 -12

Subtotal
(50,000 to
99,999) 44 46 5 45 58 29 89 104 17

Centres with
10,000 to
49,999 inhab.
(1st Quart.)

ALMA 3 6 100 0 2 (xxx) 3 8 (xxx)
AMOS 0 0 0 0 0 0 0 0 0
BAIE-COMEAU 0 6 (xxx) 0 0 0 0 6 (xxx)
COWANSVILLE 4 5 25 0 20 (xxx) 4 25 (xxx)
DOLBEAU-
MISTASSINI 4 1 -75 6 0 -100 10 1 -90
GASPE 0 5 (xxx) 0 0 0 0 5 (xxx)
JOLIETTE 43 61 42 15 18 20 58 79 36
LA TUQUE 0 0 0 0 0 0 0 0 0
LACHUTE 2 1 -50 0 2 (xxx) 2 3 50
LES-ILES-DE-
LA-MADELEINE na 0 na na 0 na na 0 na
MATANE 0 0 0 0 0 0 0 0 0
MONT-LAURIER na 1 na na 0 na na 1 na
MONTMAGNY 0 0 0 0 6 (xxx) 0 6 (xxx)
PREVOST 15 4 -73 0 0 0 15 4 -73
RAWDON 3 4 33 0 14 (xxx) 3 18 (xxx)
RIMOUSKI 17 9 -47 70 53 -24 87 62 -29
RIVIERE-DU-LOUP 2 9 (xxx) 2 4 100 4 13 (xxx)
ROBERVAL 1 1 0 2 0 -100 3 1 -67
ROUYN-NORANDA 0 0 0 0 0 0 0 0 0
SAINTE-ADELE na 8 na na 9 na na 17 na
SAINTE-MARIE 0 0 0 0 0 0 0 0 0
SAINTE-SOPHIE na 19 na na 12 na na 31 na
SAINT-FELICIEN 3 1 -67 0 0 0 3 1 -67
SAINT-GEORGES 4 7 75 0 0 0 4 7 75
SAINT-LIN-
LAURENTIDES 36 8 -78 14 4 -71 50 12 -76
SALABERRY-DE-
VALLEYFIELD 10 3 -70 113 21 -81 123 24 -80
SEPT-ILES 0 1 (xxx) 0 0 0 0 1 (xxx)
SOREL-TRACY 10 16 60 15 20 33 25 36 44
THETFORD MINES 3 5 67 0 0 0 3 5 67
VAL-D'OR 1 3 (xxx) 0 0 0 1 3 (xxx)
VICTORIAVILLE 18 25 39 85 33 -61 103 58 -44

Subtotal
(10,000
to 49,999)(*) 179 209 17 322 218 -32 501 427 -15

Quebec
(estimate
10,000+) 839 761 -9 2,129 1,800 -15 2,968 2,561 -14

(xxx) Absolute value greater than 100%

(*) Data adjusted to reflect geographical definitions of the 2006 census.
Les-Iles-de-la-Madeleine, Mont-Laurier, Prévost, Rawdon, Sainte-
Adèle, and Sainte-Sophie now belong to the 10 000 to 49 999
population category.



Preliminary Results - Monthly Starts Survey - Province of Quebec
(centres with 10,000+ inhab.)

January to March

Single-Detached Others Total
2008 2009 % 2008 2009 % 2008 2009 %
------------------ ------------------ ------------------
Centres with
100,000+
inhab.

GATINEAU 168 187 11 429 431 0 597 618 4
MONTREAL 1,263 796 -37 4,138 2,957 -29 5,401 3,753 -31
QUEBEC 269 231 -14 600 260 -57 869 491 -43
SAGUENAY 25 14 -44 10 18 80 35 32 -9
SHERBROOKE 95 113 19 101 146 45 196 259 32
TROIS-RIVIERES 59 24 -59 127 50 -61 186 74 -60

Subtotal
(100,000+) 1,879 1,365 -27 5,405 3,862 -29 7,284 5,227 -28

Centres with
50,000 to
99,999 inhab.

DRUMMONDVILLE 47 32 -32 41 43 5 88 75 -15
GRANBY 39 30 -23 49 92 88 88 122 39
SAINT-
HYACINTHE(*) 17 7 -59 26 26 0 43 33 -23
SHAWINIGAN 5 3 -40 0 6 (xxx) 5 9 80
SAINT-JEAN-
SUR-RICHELIEU 44 35 -20 34 38 12 78 73 -6

Subtotal
(50,000 to
99,999) 152 107 -30 150 205 37 302 312 3

Centres with
10,000 to
49,999 inhab.

ALMA 3 6 100 0 2 (xxx) 3 8 (xxx)
AMOS 0 0 0 0 0 0 0 0 0
BAIE-COMEAU 0 6 (xxx) 0 0 0 0 6 (xxx)
COWANSVILLE 4 5 25 0 20 (xxx) 4 25 (xxx)
DOLBEAU-
MISTASSINI 4 1 -75 6 0 -100 10 1 -90
GASPE 0 5 (xxx) 0 0 0 0 5 (xxx)
JOLIETTE 43 61 42 15 18 20 58 79 36
LA TUQUE 0 0 0 0 0 0 0 0 0
LACHUTE 2 1 -50 0 2 (xxx) 2 3 50
LES-ILES-DE-
LA-MADELEINE na 0 na na 0 na na 0 na
MATANE 0 0 0 0 0 0 0 0 0
MONT-LAURIER na 1 na na 0 na na 1 na
MONTMAGNY 0 0 0 0 6 (xxx) 0 6 (xxx)
PREVOST 15 4 -73 0 0 0 15 4 -73
RAWDON 3 4 33 0 14 (xxx) 3 18 (xxx)
RIMOUSKI 17 9 -47 70 53 -24 87 62 -29
RIVIERE-DU-LOUP 2 9 (xxx) 2 4 100 4 13 (xxx)
ROBERVAL 1 1 0 2 0 -100 3 1 -67
ROUYN-NORANDA 0 0 0 0 0 0 0 0 0
SAINTE-ADELE na 8 na na 9 na na 17 na
SAINTE-MARIE 0 0 0 0 0 0 0 0 0
SAINTE-SOPHIE na 19 na na 12 na na 31 na
SAINT-FELICIEN 3 1 -67 0 0 0 3 1 -67
SAINT-GEORGES 4 7 75 0 0 0 4 7 75
SAINT-LIN-
LAURENTIDES 36 8 -78 14 4 -71 50 12 -76
SALABERRY-DE-
VALLEYFIELD 10 3 -70 113 21 -81 123 24 -80
SEPT-ILES 0 1 (xxx) 0 0 0 0 1 (xxx)
SOREL-TRACY 10 16 60 15 20 33 25 36 44
THETFORD MINES 3 5 67 0 0 0 3 5 67
VAL-D'OR 1 3 (xxx) 0 0 0 1 3 (xxx)
VICTORIAVILLE 18 25 39 85 33 -61 103 58 -44

Subtotal
(10,000 to
49,999)(*) 179 209 17 322 218 -32 501 427 -15

Quebec
(estimate
10,000+) 2,216 1,683 -24 5,877 4,285 -27 8,093 5,968 -26

(xxx) Absolute value greater than 100%

(*) Data adjusted to reflect geographical definitions of the 2006
census. Les-Iles-de-la-Madeleine, Mont-Laurier, Prévost, Rawdon,
Sainte-Adèle, and Sainte-Sophie now belong to the 10 000 to 49 999
population category.

Contact Information

  • For further information: Province of Quebec: Kevin Hughes, Senior
    Economist, (514) 283-4488; Montréal: Bertrand Recher, Senior Market Analyst,
    (514) 283-2758; 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: Frédéric Brie, Market Analyst, (418) 649-8102