Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

September 09, 2010 08:20 ET

August Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - Sept. 9, 2010) - Residential construction in New Brunswick's urban centres was up in August according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data(1) indicate that a total of 379 starts were recorded during the month compared to 278 starts for the same period in 2009.

"The year-over-year increase in activity for the month of August stemmed from a significant increase in multiple starts in both Fredericton and Moncton," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. During the month of August, 204 multiple starts were recorded in provincial urban centres compared to 132 units last year. Year-to-date, multiple starts are up 31 per cent to 1,158 units.

Single starts were also higher in August with a total of 175 units, up 20 per cent from the total of 146 units recorded during the same month last year. On a year-to-date basis, single starts are up 12 per cent to 892 units. "A strong rebound in residential construction in Greater Moncton has bolstered overall starts in provincial urban centres throughout 2010," continued Gautreau.

In urban centres across Canada, total housing starts recorded in August were up 12 per cent to 14,253 units compared to last year's total of 12,734. Single-detached starts were up 10 per cent, rising to 6,123 units from 5,581 units, while multiple starts were up 14 per cent to 8,130 units this year. In the Atlantic region, 847 new units were started in August 2010 compared to 907 units during the same period in 2009.

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. 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 vital 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.

For more information, visit www.cmhc.ca or call 1 800 668-2642.

(Ce document existe également en français)

PRELIMINARY URBAN MONTHLY HOUSING STARTS NEW BRUNSW ICK SUMMARY

  2010 2009     YEAR-TO -DATE    
      % Change       % Change
  AUG AUG     2010 2009    
ALL URBAN CENTRES W ITH POPULATIONS > 50,000    
SAINT JOHN CMA                
Single 44 36 22.2%   237 230 3.0%
Multiple 5 37 -86.5%   296 246 20.3%
TOTAL 49 73 -32.9%   533 476 12.0%
MONCTON CMA                
Single 74 33 ##   314 237 32.5%
Multiple 93 68 36.8%   574 322 78.3%
TOTAL 167 101 65.3%   888 559 58.9%
FREDERICTON CA                
Single 39 58 -32.8%   239 234 2.1%
Multiple 95 14 ##   273 262 4.2%
TOTAL 134 72 86.1%   512 496 3.2%
ALL URBAN CENTRES W ITH POPULATION >10,000*    
ALL CENTRES                
Single 175 146 19.9% 892 799 11.6%
Multiple 204 132 54.5% 1,158 887 30.6%
TOTAL 379 278 36.3% 2,050 1,686 21.6%

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 (Saint John CMA, Moncton CMA, Fredericton CA, Bathurst CA, Campbellton CA, Edmundston CA, and Miramichi CA).

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

Contact Information