Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

September 09, 2011 08:52 ET

August Housing Starts for the St. John's Area

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Sept. 9, 2011) - Housing starts in the St. John's region were up during the month of August, according to preliminary data1 released today by Canada Mortgage and Housing Corporation (CMHC). August's housing starts totaled 193 units throughout the St. John's area compared to 179 units in August 2010. There were 21 additional starts recorded in urban centres outside the St. John's region, for a total of 214 provincial urban housing starts.

"A large increase in multiple housing starts activity contributed to the gain in new home construction throughout the St. John's area in August," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. "Single-detached starts were down, posting a 20 per cent decline in August to 121 units. The trend towards lower levels of single housing starts in 2011 remains, with this segment of the market down 15 per cent compared to a year ago," added Janes.

In urban centres across Canada, total housing starts recorded in August were down three per cent to 14,360 units compared to 14,855 a year ago. Single-detached starts declined nine per cent to 5,946 units, while multiple starts increased one per cent to 8,414 units in August. In the Atlantic region, 755 new homes were started compared to 936 units during August 2010.

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable homes. 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.

  1. Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.

(Ce document existe également en français)

PRELIMINARY URBAN MONTHLY HOUSING STARTS NEW FOUNDLAND & LABRADOR SUMMARY

2011 2010 YEAR-TO-DATE
% Change % Change
AUG AUG 2011 2010
ALL URBAN CENTRES WITH POPULATIONS > 50,000
ST. JOHN 'S CMA
Single 121 152 -20.4% 835 988 -15.5%
Multiple 72 27 # # 429 189 # #
TOTAL 193 179 7.8% 1,264 1,177 7.4%
ALL URBAN CENTRES WITH POPULATION >10,000
ALL CENTRES*
Single 138 197 -29.9% 961 1,171 -17.9%
Multiple 76 34 # # 480 249 92.8%
TOTAL 214 231 -7.4% 1,441 1,420 1.5%

Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.

* Includes all centres with a total population of more than 10,000 (St. John's CMA, Corner Brook CA, Gander MD, Grand Falls/Windsor CA, Bay Roberts CA)

## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers.

Contact Information

  • Chris Janes
    Senior Market Analyst
    CMHC Market Analysis Centre
    (709)772-2403
    Cell: (709)743-4636
    cjanes@cmhc-schl.gc.ca