Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 08, 2010 08:15 ET

Canada Mortgage and Housing Corporation: September Housing Starts in Vancouver and Abbotsford

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 2010) - According to Canada Mortgage and Housing Corporation (CMHC), there were 1,644 housing starts in September in the Vancouver Census Metropolitan Area (CMA). During the first nine months of 2010, construction started on 11,137 homes.

"Multiple family units dominated September's residential construction activity in the Vancouver CMA with 1,251 new units started last month," said Robyn Adamache, Senior Market Analyst for CMHC. "Although most of the new multiple family units built were apartment condominiums, we are starting to see a growing number of homes with secondary suites being constructed," she added.

In the Abbotsford CMA, housing starts continued at a steady pace. There were 43 housing starts last month compared to 40 starts in September 2009. Similarly, there were 113 homes started during the third quarter compared to 97 during the same period last year.

Nationally, the seasonally adjusted annual rate of total housing starts dipped to 186,400 units in September. The seasonally adjusted rate of urban housing starts for British Columbia was 26,500 units in September, up from 24,900 units in August.

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.

For more information, and to download CMHC's housing reports, please visit CMHC's website at www.cmhc.ca/housingmarketinformation or call 1-800-668-2642.

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Contact Information

  • Canada Mortgage and Housing Corporation
    Robyn Adamache
    Senior Market Analyst
    (604) 737-4144 or Cell: (604) 787-9659
    radamach@cmhc.ca
    www.cmhc.ca