Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

May 08, 2009 23:59 ET

Quebec housing starts in April

MONTREAL, May 8 - 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, 3,051 dwellings were started, compared to
3,964 a year earlier.
The seasonally adjusted annual rate of starts, for its part, was down by
7 per cent in April from the previous month, after having posted a gain
between February and March 2009. This decrease was in fact mainly due to the
low level of single-detached home construction, as the seasonally adjusted
annual rate of such starts fell from 11,800 to 9,700 units in the space of one
month (-18 per cent).
Despite the drop in starts, the province of Québec continued to stand out
from the rest of Canada. "Quebec is registering smaller decreases than most of
the other large Canadian regions, as the decline began earlier there. Quebec
is also relatively less affected than the other provinces by the current
economic conditions," said Kevin Hughes, Senior Economist at CMHC.
In April, the fall in starts registered in Quebec reflected the results
observed in most census metropolitan areas (CMAs) across the province. In
fact, while increases were reported in Gatineau (more than 100 per cent) and
Trois-Rivières (+51 per cent), foundations were laid for fewer homes in Québec
(-46 per cent), Sherbrooke (-28 per cent), Saguenay (-25 per cent) and
Montréal (-15 per cent). Among all these major urban centres, an even more
general picture is however becoming apparent as, apart from the Trois-Rivières
area, all Quebec CMAs recorded declines in single-detached home building, with
the greatest drop having occurred in Montréal (-44 per cent). In the
multiple-unit housing segment, the results varied from one CMA to another (see
table).
As well, the survey revealed that starts fell by 69 per cent in all large
census agglomerations (CAs). Both single-detached home building (-51 per cent)
and multi-unit housing construction (-85 per cent) were responsible for this
decline.
Still according to the survey, there were fewer freehold and condominium
housing starts, while new rental units were more numerous than in April 2008.
Compared to the first four months of 2008, housing activity was down by 25 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.)


April

Singles Multiples Total
2008 2009 % 2008 2009 % 2008 2009 %
------------------ ------------------- --------------------
Centres with
100,000+ inhab.

GATINEAU 93 89 -4 74 268 (xxx) 167 357 (xxx)
MONTREAL 842 471 -44 1,165 1,226 5 2,007 1,697 -15
QUEBEC 268 194 -28 566 257 -55 834 451 -46
SAGUENAY 37 33 -11 23 12 -48 60 45 -25
SHERBROOKE 55 44 -20 75 50 -33 130 94 -28
TROIS-RIVIERES 36 48 33 41 68 66 77 116 51

Subtotal
(100,000+) 1,331 879 -34 1,944 1,881 -3 3,275 2,760 -16

Centres with
50,000 to
99,999 inhab.

DRUMMONDVILLE 30 20 -33 25 2 -92 55 22 -60
GRANBY 29 10 -66 46 0 -100 75 10 -87
SAINT-HYACINTHE 13 6 -54 24 3 -88 37 9 -76
SAINT-JEAN-SUR-
RICHELIEU 36 14 -61 33 12 -64 69 26 -62
SHAWINIGAN 10 8 -20 8 4 -50 18 12 -33

Subtotal
(50,000 to
99,999) 118 58 -51 136 21 -85 254 79 -69

Quebec
(estimate
10,000+) 1,748 1,037 -41 2,216 2,014 -9 3,964 3,051 -23


January to April

Singles Multiples Total
2008 2009 % 2008 2009 % 2008 2009 %
------------------ ------------------- --------------------
Centres with
100,000+ inhab.

GATINEAU 261 276 6 503 699 39 764 975 28
MONTREAL 2,105 1,267 -40 5,303 4,183 -21 7,408 5,450 -26
QUEBEC 537 425 -21 1,166 517 -56 1,703 942 -45
SAGUENAY 62 47 -24 33 30 -9 95 77 -19
SHERBROOKE 150 157 5 176 196 11 326 353 8
TROIS-RIVIERES 95 72 -24 168 118 -30 263 190 -28

Subtotal
(100,000+) 3,210 2,244 -30 7,349 5,743 -22 10,559 7,987 -24

Centres with
50,000 to
99,999 inhab.

DRUMMONDVILLE 77 52 -32 66 45 -32 143 97 -32
GRANBY 68 40 -41 95 92 -3 163 132 -19
SAINT-HYACINTHE 30 13 -57 50 29 -42 80 42 -48
SAINT-JEAN-SUR-
RICHELIEU 80 49 -39 67 50 -25 147 99 -33
SHAWINIGAN 15 11 -27 8 10 25 23 21 -9

Subtotal
(50,000 to
99,999) 270 165 -39 286 226 -21 556 391 -30

Quebec
(estimate
10,000+) 3,964 2,720 -31 8,093 6,299 -22 12,057 9,019 -25

(xxx) Absolute value greater than 100%

Contact Information

  • For further information: Province of Quebec: Kevin Hughes, Senior
    Economist, (514) 283-4488; 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: Patrice Tardif, Senior Market Analyst, (514) 283-2097