Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

January 11, 2011 08:15 ET

December Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - Jan. 11, 2011) - Residential construction in New Brunswick's urban centres was down in December according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data(1) indicate that a total of 149 starts were recorded during the month compared to 182 starts for the same period in 2009.

"In spite of the decline in starts recorded during the final month of the year, total urban starts in 2010 exceeded the previous year's provincial total due to a significant increase in multiple starts," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. In December, multiple starts declined 15 per cent compared to the same period in 2009. For the year, however, multiple starts in provincial urban centres were up 29 per cent to 1,621 units.

Single starts were also lower in December with a 21 per cent decline to 80 units. At the end of December, year-to-date single starts were down two per cent to 1,329 units. "Lower demand for single detached homes, particularly in Fredericton and Saint John, contributed to the overall year-over-year decline in single starts observed in 2010," added Gautreau.

In urban centres across Canada, total housing starts recorded in December were down two per cent to 12,040 units compared to 2009's total of 12,268. Single-detached starts were down 20 per cent to 4,981 units, while multiple starts were up 17 per cent to 7,059 units in 2010. In the Atlantic region, 611 new units were started in December 2010 compared to 672 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.

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PRELIMINARY URBAN MONTHLY HOUSING STARTS NEW BRUNSWICK SUMMARY

                                           2010 2009      YEAR-TO -DATE  
       % Change     % Change
         DEC DEC      2010 2009  
  ALL URBAN CENTRES WITH POPULATIONS > 50,000  
SAINT JOHN CMA            
Single 23 28 -17.9% 345 369 -6.5%
Multiple 4 6 -33.3% 308 290 6.2%
TOTAL 27 34 -20.6% 653 659 -0.9%
MONCTON CMA            
Single 34 35 -2.9% 462 430 7.4%
Multiple 52 54 -3.7% 938 543 72.7%
TOTAL 86 89 -3.4% 1,400 973 43.9%
FREDERICTON CA            
Single 15 28 -46.4% 370 403 -8.2%
Multiple 13 18 -27.8% 324 352 -8.0%
TOTAL 28 46 -39.1% 694 755 -8.1%
  ALL URBAN CENTRES WITH POPULATION >10,000*  
ALL CENTRES            
Single 80 101 -20.8% 1,329 1,361 -2.4%
Multiple 69 81 -14.8% 1,621 1,259 28.8%
TOTAL 149 182 -18.1% 2,950 2,620 12.6%

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.

  PRELIMINARY QUARTERLY HOUSING STARTS NEW BRUNSWICK SUMMARY      
           
  2010 2009      YEAR-TO -DATE  
      % Change     % Change
  Q4 Q4      2010 2009  
         ALL URBAN CENTRES WITH POPULATIONS > 10,000
SAINT JOHN CMA            
Single 82 97 -15.5% 345 369 -6.5%
Multiple 8 36 -77.8% 308 290 6.2%
TOTAL 90 133 -32.3% 653 659 -0.9%
MONCTON CMA            
Single 118 131 -9.9% 462 430 7.4%
Multiple 350 181 93.4% 938 543 72.7%
TOTAL 468 312 50.0% 1,400 973 43.9%
FREDERICTON CA            
Single 94 119 -21.0% 370 403 -8.2%
Multiple 27 80 -66.3% 324 352 -8.0%
TOTAL 121 199 -39.2% 694 755 -8.1%
BATHURST CA            
Single 9 10 -10.0% 54 52 3.8%
Multiple 2 3 -33.3% 16 50 -68.0%
TOTAL 11 13 -15.4% 70 102 -31.4%
CAMPBELLTON CA            
Single 4 5 -20.0% 14 15 -6.7%
Multiple 0 8   28 8  
TOTAL 4 13 -69.2% 42 23 82.6%
EDMUNDSTON CA            
Single 5 7 -28.6% 29 35 -17.1%
Multiple 0 0 - 7 16 -56.3%
TOTAL 5 7 -28.6% 36 51 -29.4%
MIRAMICHI CA            
Single 15 15 0.0% 55 57 -3.5%
Multiple 0 0 - 0 0 -
TOTAL 15 15 0.0% 55 57 -3.5%
ALL URBAN CENTRES*            
Single 327 384 -14.8% 1,329 1,361 -2.4%
Multiple 387 308 25.6% 1,621 1,259 28.8%
TOTAL 714 692 3.2% 2,950 2,620 12.6%

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 CA, Fredericton CA, Bathurst CA, Campbellton CA, Edmundston CA, and Miramichi City).

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

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