Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 09, 2009 23:59 ET

Quebec housing starts in June

MONTREAL, July 9 - The results of the monthly starts survey
conducted by Canada Mortgage and Housing Corporation (CMHC) in centres with
10,000 or more inhabitants revealed that residential construction declined in
Quebec this past month. In all, foundations were laid for 2,990 new dwellings
in June, compared to 3,706 a year earlier. As well, the seasonally adjusted
annual rate of starts for this same month (32,600) reflects a slower pace than
in May (34,800). Nationally, the seasonally adjusted annual rate of housing
starts in urban centres was 120,100 units in June, up over the level of
109,700 units registered in May.

"So far in 2009, the extent of the decrease in housing starts in Quebec
has been in line with the forecasts that we made last year," said Kevin
Hughes, Senior Economist at CMHC for Quebec.

In the census metropolitan areas (CMAs), starts fell to 2,467 units in
June 2009 from 2,912 a year earlier, for a decrease of 15 per cent. With the
exception of the Trois-Rivières area, where activity was up significantly, and
the Sherbrooke area, which posted stable results, all CMAs sustained declines.
During this period, starts dropped in all large census agglomerations (CAs),
as well (see table).

In the single-detached home segment, the starts volume recorded in June
(1,364 units) was down by 17 per cent from the same month last year. In fact,
decreases were registered in three of the six CMAs: Montréal (-19 per cent),
Québec (-26 per cent) and Saguenay (-48 per cent). The other metropolitan
areas posted gains ranging from 6 per cent to 22 per cent. For the large CAs,
the survey results show that starts of this type sustained an overall decline
of 19 per cent.

As for multiple-unit (semi-detached, row and apartment) housing starts,
the survey results revealed a drop (-21 per cent) comparable to that observed
in the single-detached home segment. Almost all the CMAs registered decreases
compared to June 2008. And the decline was even greater for the large CAs,
where starts in this category fell by 75 per cent (see table).

"The slowdown in single-detached home construction stems from the weaker
economic conditions and the easing of the resale market. For multiple-unit
housing, particularly rental and condominium apartments, the decrease in
activity resulted in part from the large inventories available on the market,"
explained Kevin Hughes.

An analysis of the results by intended market revealed that condominium
starts were down significantly from June 2008. The June 2009 survey shows a
drop of about 50 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.)

June

Single-Detached Others Total
2008 2009 % 2008 2009 % 2008 2009 %
---------------- ----------------- -----------------

Centres with
100,000+ inhab.
(June)

GATINEAU 78 83 6 153 97 -37 231 180 -22
MONTREAL 657 533 -19 1,074 876 -18 1,731 1,409 -19
QUEBEC 241 178 -26 386 322 -17 627 500 -20
SAGUENAY 60 31 -48 14 12 -14 74 43 -42
SHERBROOKE 92 112 22 86 65 -24 178 177 -1
TROIS-RIVIERES 35 39 11 36 119 (xxx) 71 158 (xxx)

Subtotal
(100,000+) 1,163 976 -16 1,749 1,491 -15 2,912 2,467 -15

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

DRUMMONDVILLE 50 47 -6 18 8 -56 68 55 -19
GRANBY 43 35 -19 76 25 -67 119 60 -50
SAINT-
HYACINTHE(*) 20 8 -60 15 4 -73 35 12 -66
SHAWINIGAN 28 20 -29 8 2 -75 36 22 -39
SAINT-JEAN-
SUR-RICHELIEU 30 28 -7 63 6 -90 93 34 -63

Subtotal
(50,000 to
99,999) 171 138 -19 180 45 -75 351 183 -48

Centres with
10,000 to
49,999 inhab.
(2nd Quart.)

ALMA 55 31 -44 25 18 -28 80 49 -39
AMOS 18 10 -44 4 0 -100 22 10 -55
BAIE-COMEAU 8 18 (xxx) 0 0 0 8 18 (xxx)
COWANSVILLE 20 7 -65 4 12 (xxx) 24 19 -21
DOLBEAU-
MISTASSINI 15 7 -53 6 0 -100 21 7 -67
GASPE 26 26 0 26 4 -85 52 30 -42
JOLIETTE 108 81 -25 29 36 24 137 117 -15
LA TUQUE 3 2 -33 17 2 -88 20 4 -80
LACHUTE 39 14 -64 33 8 -76 72 22 -69
LES-ILES-DE-
LA-MADELEINE 7 29 (xxx) 0 12 (xxx) 7 41 (xxx)
MATANE 12 10 -17 2 2 0 14 12 -14
MONT-LAURIER 19 11 -42 0 0 0 19 11 -42
MONTMAGNY 5 8 60 6 2 -67 11 10 -9
PREVOST 58 70 21 0 2 (xxx) 58 72 24
RAWDON 28 23 -18 6 6 0 34 29 -15
RIMOUSKI 50 38 -24 16 22 38 66 60 -9
RIVIERE-DU-LOUP 29 22 -24 8 6 -25 37 28 -24
ROBERVAL 0 8 (xxx) 0 8 (xxx) 0 16 (xxx)
ROUYN-NORANDA 51 36 -29 2 2 0 53 38 -28
SAINTE-ADELE 38 14 -63 14 14 0 52 28 -46
SAINTE-MARIE 16 15 -6 20 22 10 36 37 3
SAINTE-SOPHIE 63 43 -32 28 12 -57 91 55 -40
SAINT-FELICIEN 15 6 -60 0 0 0 15 6 -60
SAINT-GEORGES 48 39 -19 64 44 -31 112 83 -26
SAINT-LIN-
LAURENTIDES 55 27 -51 6 20 (xxx) 61 47 -23
SALABERRY-DE-
VALLEYFIELD 27 28 4 36 6 -83 63 34 -46
SEPT-ILES 15 14 -7 0 0 0 15 14 -7
SOREL-TRACY 34 18 -47 53 16 -70 87 34 -61
THETFORD MINES 13 5 -62 2 4 100 15 9 -40
VAL-D'OR 32 22 -31 3 0 -100 35 22 -37
VICTORIAVILLE 50 37 -26 61 76 25 111 113 2

Subtotal
(10,000 to
49,999)(*) 957 719 -25 471 356 -24 1,428 1,075 -25

Quebec
(estimate
10,000+) 1,640 1,364 -17 2,066 1,626 -21 3,706 2,990 -19

(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 June

Single-Detached Others Total
2008 2009 % 2008 2009 % 2008 2009 %
---------------- ----------------- -----------------

Centres with
100,000+ inhab.

GATINEAU 450 469 4 770 972 26 1,220 1,441 18
MONTREAL 3,656 2,325 -36 7,963 6,296 -21 11,619 8,621 -26
QUEBEC 1,028 845 -18 1,995 1,308 -34 3,023 2,153 -29
SAGUENAY 185 121 -35 67 68 1 252 189 -25
SHERBROOKE 338 367 9 376 382 2 714 749 5
TROIS-
RIVIERES 182 156 -14 348 241 -31 530 397 -25

Subtotal
(100,000+) 5,839 4,283 -27 11,519 9,267 -20 17,358 13,550 -22

Centres with
50,000 to
99,999 inhab.
DRUMMONDVILLE 165 150 -9 125 78 -38 290 228 -21
GRANBY 141 104 -26 203 140 -31 344 244 -29
SAINT-
HYACINTHE(*) 65 29 -55 69 61 -12 134 90 -33
SHAWINIGAN 59 35 -41 24 18 -25 83 53 -36
SAINT-JEAN-
SUR-RICHELIEU 138 109 -21 140 59 -58 278 168 -40

Subtotal
(50,000 to
99,999) 568 427 -25 561 356 -37 1,129 783 -31

Centres with
10,000 to
49,999 inhab.

ALMA 58 37 -36 25 20 -20 83 57 -31
AMOS 18 10 -44 4 0 -100 22 10 -55
BAIE-COMEAU 8 24 (xxx) 0 0 0 8 24 (xxx)
COWANSVILLE 24 12 -50 4 32 (xxx) 28 44 57
DOLBEAU-
MISTASSINI 19 8 -58 12 0 -100 31 8 -74
GASPE 26 31 19 26 4 -85 52 35 -33
JOLIETTE 151 142 -6 44 54 23 195 196 1
LA TUQUE 3 2 -33 17 2 -88 20 4 -80
LACHUTE 41 15 -63 33 10 -70 74 25 -66
LES-ILES-DE-
LA-MADELEINE 7 29 (xxx) 0 12 (xxx) 7 41 (xxx)
MATANE 12 10 -17 2 2 0 14 12 -14
MONT-LAURIER 19 12 -37 0 0 0 19 12 -37
MONTMAGNY 5 8 60 6 8 33 11 16 45
PREVOST 73 74 1 0 2 (xxx) 73 76 4
RAWDON 31 27 -13 6 20 (xxx) 37 47 27
RIMOUSKI 67 47 -30 86 75 -13 153 122 -20
RIVIERE-DU-LOUP 31 31 0 10 10 0 41 41 0
ROBERVAL 1 9 (xxx) 2 8 (xxx) 3 17 (xxx)
ROUYN-NORANDA 51 36 -29 2 2 0 53 38 -28
SAINTE-ADELE 38 22 -42 14 23 64 52 45 -13
SAINTE-MARIE 16 15 -6 20 22 10 36 37 3
SAINTE-SOPHIE 69 62 -10 28 24 -14 97 86 -11
SAINT-FELICIEN 18 7 -61 0 0 0 18 7 -61
SAINT-GEORGES 52 46 -12 64 44 -31 116 90 -22
SAINT-LIN-
LAURENTIDES 91 35 -62 20 24 20 111 59 -47
SALABERRY-DE-
VALLEYFIELD 37 31 -16 149 27 -82 186 58 -69
SEPT-ILES 15 15 0 0 0 0 15 15 0
SOREL-TRACY 44 34 -23 68 36 -47 112 70 -38
THETFORD MINES 16 10 -38 2 4 100 18 14 -22
VAL-D'OR 33 25 -24 3 0 -100 36 25 -31
VICTORIAVILLE 68 62 -9 146 109 -25 214 171 -20

Subtotal
(10,000 to
49,999)(*) 1,142 928 -19 793 574 -28 1,935 1,502 -22

Quebec
(estimate
10,000+) 7,549 5,640 -25 12,873 10,197 -21 20,422 15,837 -22

(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

  • Province of Quebec: Kevin Hughes, Senior
    Economist (province of Quebec), (514) 283-4488; Montréal: Stéphane Duguay,
    Market Analyst, (514) 496-1468; Sherbrooke (Estrie): David L'Heureux, Market
    Analyst, (514) 496-2587; 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