January Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - Feb. 8, 2012) - Residential construction activity in New Brunswick's urban centres increased in January according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data¹ indicate that a total of 139 starts were recorded during the month compared to 52 starts for the same period in 2011.

"The overall increase in total housing starts recorded in January was mainly the result of a large number of apartment starts recorded in the Moncton CMA," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Multiple starts in January totalled 95 units in provincial urban centres, up from last year's monthly total of 4 units. Single starts were down slightly to 44 units. Last year, 48 single starts were recorded in January.

In urban centres across Canada, total housing starts recorded in January were up 24 per cent to 12,220 units compared to 9,823 a year ago. Single-detached starts increased one per cent to 3,596 units, while multiple starts increased 37 per cent to 8,624 units in January. In the Atlantic region, 440 new units were started compared to 500 during January 2011.

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 www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.

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 BRUNSWICK SUMMARY

	2012	2011		YEAR-TO-DATE
			% Change			% Change
	JAN	JAN		2012	2011
	ALL URBAN CENTRES WITH POPULATIONS > 50,000
SAINT JOHN CMA
Single	10	10	0.0%	10	10	0.0%
Multiple	15	0	-	15	0	-
TOTAL	25	10	##	25	10	##
MONCTON CMA
Single	9	8	12.5%	9	8	12.5%
Multiple	76	0	-	76	0	-
TOTAL	85	8	##	85	8	##
FREDERICTON CA
Single	16	29	-44.8%	16	29	-44.8%
Multiple	4	4	0.0%	4	4	0.0%
TOTAL	20	33	-39.4%	20	33	-39.4%
	ALL URBAN CENTRES WITH POPULATION >10,000*
ALL CENTRES
Single	44	48	-8.3%	44	48	-8.3%
Multiple	95	4	##	95	4	##
TOTAL	139	52	##	139	52	##

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.