Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

August 09, 2011 08:24 ET

July Housing Starts in Halifax

HALIFAX, NOVA SCOTIA--(Marketwire - Aug. 9, 2011) - New residential construction in Halifax was substantially unchanged last month compared to July 2010 according to preliminary data1 released today by Canada Mortgage and Housing Corporation (CMHC). There were 378 housing starts last month, compared to 381 recorded in July of 2010.

"While residential construction overall saw little change, single-detached starts were off by ten per cent in July compared to last year," said Matthew Gilmore, senior market analyst with CMHC's Atlantic Business Centre. "The decline in singles was more than offset by another strong month of apartment construction in Halifax," Gilmore added.

In urban centres across Canada, total housing starts recorded in July were up three per cent to 16,486 units compared to last year's total of 15,947. Single-detached starts declined 11 per cent to 6,396 units, while multiple starts increased 15 per cent to 10,090 units in 2011. In the Atlantic region, 1,318 new units were started in July 2011 compared to 1,348 units during the same period in 2010.

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high 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 informed 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
NOVA SCOTIA SUMMARY
2011 2010 YEAR-TO -DATE
% Change % Change
JULY JULY 2011 2010
ALL URBAN CENTRES WITH POPULATIONS > 50,000
HALIFAX CMA
Single 97 108 -10.2 % 485 575 -15.7 %
Multiple 281 273 2.9 % 1,089 923 18.0 %
TOTAL 378 381 -0.8 % 1,574 1,498 5.1 %
CAPE BRETON RGM
Single 16 21 -23.8 % 64 72 -11.1 %
Multiple 18 10 80.0 % 58 50 16.0 %
TOTAL 34 31 9.7 % 122 122 0.0 %
ALL URBAN CENTRES WITH POPULATION >10,000
ALL CENTRES*
Single 150 208 -27.9 % 811 1,030 -21.3 %
Multiple 311 364 -14.6 % 1,297 1,112 16.6 %
TOTAL 461 572 -19.4 % 2,108 2,142 -1.6 %

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 (Halifax CMA, Cape Breton RGM, Truro CA, Kentville CA and New Glasgow CA, Chester MD, East Hants MD, Kings Subd. A SCM, Lunenburg MD, Queens RGM, West Hants MD, Yarmouth MD).

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

Contact Information

  • CMHC Market Analysis Centre
    Matthew Gilmore
    Senior Market Analyst
    (902) 426-4686
    mgilmore@cmhc.ca