Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

May 08, 2013 08:15 ET

April 2013 Housing Starts in Quebec

MONTRÉAL, QUÉBEC--(Marketwired - May 8, 2013) - Housing starts in the province of Quebec were trending at 32,561 units in April compared to 33,040 in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of housing starts.

"After several months of significant decrease, we expect a certain stability in the second half of the year," said Kevin Hughes, CMHC Regional Economist for the province of Quebec.

CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analysing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next.

Preliminary Housing Starts data is also available in English and French at the following link: Preliminary Housing Starts Tables

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

Follow CMHC on Twitter @CMHC_ca.

(1) All starts figures in this release, other than actual starts and the trend estimate, are seasonally adjusted annual rates (SAAR) - that is, monthly figures adjusted to remove normal seasonal variation and multiplied by 12 to reflect annual levels. By removing seasonal ups and downs, seasonal adjustment allows for a comparison from one season to the next and from one month to the next. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

Additional data is available upon request.

(Ce document existe également en français)

A graph is available at the following address: http://media3.marketwire.com/docs/CMHC_Quebec_ENG_0508.pdf

Preliminary Housing Start Data
April 2013
Quebec March 2013 April 2013
Trend (1), urban centres (2) 33,040 32,561
SAAR, urban centres (2) 28,688 32,935
April 2012 April 2013
Actual, urban centres (2)
April - Single-Detached 1,274 845
April - Multiples 4,011 2,334
April - Total 5,285 3,179
January to April - Single-Detached 2,897 1,975
January to April - Multiples 8,629 6,267
January to April - Total 11,526 8,242
Source: CMHC
(1) The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR).
(2) Urban centres with a population of 10,000 and over.
Detailed data available upon request
Quebec Preliminary Actual Housing Starts Data
April / 2012 - 2013
Urban Centres Singles Multiples Total
2012 2013 2012 2013 2012 2013
Urban Centres 100,000+ Montréal CMA/RMR 518 362 2,255 1,226 2,773 1,588
Ottawa-Gatineau CMA/RMR (QC) 53 30 320 172 373 202
Québec CMA/RMR 152 118 736 360 888 478
Saguenay CMA/RMR 38 22 72 73 110 95
Sherbrooke CMA/RMR 80 55 144 129 224 184
Trois-Rivières CMA/RMR 34 36 90 88 124 124
Urban Centres 50,000-99,999 Drummondville CA/AR 44 23 20 13 64 36
Granby CA/AR 27 25 48 32 75 57
Rimouski CA/AR n/a 6 n/a 46 n/a 52
Saint-Hyacinthe CA/AR 14 7 34 22 48 29
Saint-Jean-sur-Richelieu V CA/AR 33 35 33 25 66 60
Shawinigan CA/AR 9 19 14 3 23 22
Urban Centres 10,000+ Total Urban Starts 1,274 845 4,011 2,334 5,285 3,179
Urban starts include an estimate for the areas 10,000-49,999 for the first two months of the quarter and are subject to revision(s) after quarterly enumeration in the tired and final month of the quarter.
Quebec Preliminary Actual Housing Starts Data
Year-to-Date / 2012 - 2013
Urban Centres Singles Multiples Total
2012 2013 2012 2013 2012 2013
Urban Centres 100,000+ Montréal CMA/RMR 1,259 869 4,917 3,416 6,176 4,285
Ottawa-Gatineau CMA/RMR (QC) 137 72 609 241 746 313
Québec CMA/RMR 365 254 1,326 1,280 1,691 1,534
Saguenay CMA/RMR 54 42 190 209 244 251
Sherbrooke CMA/RMR 187 132 388 277 575 409
Trois-Rivières CMA/RMR 64 58 239 113 303 171
Urban Centres 50,000-99,999 Drummondville CA/AR 112 45 91 66 203 111
Granby CA/AR 76 56 147 75 223 131
Rimouski CA/AR n/a 17 n/a 57 n/a 74
Saint-Hyacinthe CA/AR 35 12 97 50 132 62
Saint-Jean-sur-Richelieu V CA/AR 71 52 43 48 114 100
Shawinigan CA/AR 19 24 31 6 50 30
Urban Centres 10,000+ Total Urban Starts 2,897 1,975 8,629 6,267 11,526 8,242
Urban starts include an estimate for the areas 10,000-49,999 for the first two months of the quarter and are subject to revision(s) after quarterly enumeration in the tired and final month of the quarter.

Contact Information