Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

September 09, 2011 08:15 ET

CMHC: August Housing Starts

OTTAWA, ONTARIO--(Marketwire - Sept. 9, 2011) - The seasonally adjusted annual rate(1) of housing starts was 184,700 units in August, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 204,500 units in July 2011.

"Housing starts in August were in line with current demographic fundamentals and are consistent with CMHC's recent Housing Market Outlook," said Mathieu Laberge, Deputy Chief Economist at CMHC's Market Analysis Centre. "Housing starts decreased in all regions, except the Prairies with the decline being more pronounced in the multiples segment."

The seasonally adjusted annual rate of urban starts decreased by 10.2 per cent to 165,800 units in August. Multiple urban starts were down by 15.5 per cent to 101,400 units, while urban single starts decreased by 0.3 per cent in August to 64,400 units.

August's seasonally adjusted annual rate of urban starts decreased by 41.4 per cent in the Atlantic region, by 15.3 per cent in British Columbia, by 11.8 per cent in Ontario and by 8.8 per cent in Quebec, while urban starts increased by 9.4 per cent in the Prairie region over the same time period.

Rural starts(2) were estimated at a seasonally adjusted annual rate of 18,900 units in August.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high 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.

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

A graph is available at the following address:

For regional starts information contact:

Atlantic provinces: Alex MacDonald, CMHC,

(902) 426-8964,

Quebec: Kevin Hughes, CMHC,

(514) 283-4488,

Ontario: Ted Tsiakopoulos, CMHC,

(416) 218-3407,

Prairie provinces: Richard Cho, CMHC,

(403) 515-2996,

British Columbia: Carol Frketich, CMHC,

(604) 737-4067,

Housing Starts, Actual and SAAR*
Actual SAAR
Revised Preliminary Revised Preliminary
Canada, all areas 17,111 16,464 204,500 184,700
Canada, rural areas 2,256 2,104 19,900 18,900
Canada, urban centres** 14,855 14,360 184,600 165,800
Canada, singles, urban centres 6,541 5,946 64,600 64,400
Canada, multiples, urban centres 8,314 8,414 120,000 101,400
Atlantic region, urban centres 936 755 13,300 7,800
Quebec, urban centres 3,036 2,517 38,800 35,400
Ontario, urban centres 5,720 5,772 72,600 64,000
Prairie region, urban centres 2,951 3,210 31,800 34,800
British Columbia, urban centres 2,212 2,106 28,100 23,800
Source: CMHC
*Seasonally adjusted annual rates
** Urban centres with a population of 10,000 and over.
Detailed data available upon request.

(1) All starts figures in this release, other than actual starts, 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 makes it possible to highlight the fundamental trends of a series. 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.

(2) CMHC estimates the level of starts in centres with a population of less than 10,000 for each of the three months of the quarter, at the beginning of each quarter. During the last month of the quarter, CMHC conducts the survey in these centres and revises the estimate.

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