Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 11, 2011 08:15 ET

June Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - July 11, 2011) - Residential construction in New Brunswick's urban centres was lower in June according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data(1) indicate that a total of 350 starts were recorded during the month compared to 375 starts for the same period in 2010.

"The decline in housing starts observed in June was due to a reduction in multiple starts, as single starts in provincial urban centres for the month of June were essentially unchanged from last year ," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Single starts were up one per cent in June, with a total of 167 units compared to 165 during the same month last year. Year-to-date, single starts have declined 27 per cent to 403 units.

In June, multiple starts were down 13 per cent to 183 units. Year-to date, multiple starts are down 34 per cent from last year's total of 653 units."Apartment starts continue to trail last year's pace to the end of June, contributing to the overall decline in new home construction activity observed in the province," added Gautreau.

In urban centres across Canada, total housing starts recorded in June were up four per cent to 15,982 units compared to last year's total of 15,346. Single-detached starts were down seven per cent to 7,287 units, while multiple starts were up 16 per cent to 8,695 units this year. In the Atlantic region, 1,051 new units were started in June 2011 compared to 1,012 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.

(Ce document existe également en français)

PRELIMINARY URBAN MONTHLY HOUSING STARTS NEW BRUNSWICK SUMMARY

2011 2010 YEAR-TO -DATE
% Change % Change
JUN JUN 2011 2010
ALL URBAN CENTRES WITH POPULATIONS > 50,000
SAINT JOHN CMA
Single 25 36 -30.6% 96 162 -40.7%
Multiple 29 0 - 60 102 -41.2%
TOTAL 54 36 50.0% 156 264 -40.9%
MONCTON CMA
Single 71 55 29.1% 144 181 -20.4%
Multiple 74 150 -50.7% 236 399 -40.9%
TOTAL 145 205 -29.3% 380 580 -34.5%
FREDERICTON CA
Single 52 53 -1.9% 123 149 -17.4%
Multiple 68 59 15.3% 110 148 -25.7%
TOTAL 120 112 7.1% 233 297 -21.5%
ALL URBAN CENTRES WITH POPULATION >10,000*
ALL CENTRES
Single 167 165 1.2% 403 549 -26.6%
Multiple 183 210 -12.9% 430 653 -34.2%
TOTAL 350 375 -6.7% 833 1,202 -30.7%

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

2011 2010 YEAR-TO-DATE
% Change % Change
Q2 Q2 2011 2010
ALL URBAN CENTRES WITH POPULATIONS > 10,000
SAINT JOHN CMA
Single 73 127 -42.5% 96 162 -40.7%
Multiple 45 30 50.0% 60 102 -41.2%
TOTAL 118 157 -24.8% 156 264 -40.9%
MONCTON CMA
Single 133 144 -7.6% 144 181 -20.4%
Multiple 234 332 -29.5% 236 399 -40.9%
TOTAL 367 476 -22.9% 380 580 -34.5%
FREDERICTON CA
Single 86 114 -24.6% 123 149 -17.4%
Multiple 106 100 6.0% 110 148 -25.7%
TOTAL 192 214 -10.3% 233 297 -21.5%
BATHURST CA
Single 19 27 -29.6% 20 28 -28.6%
Multiple 24 2 # # 24 4 # #
TOTAL 43 29 48.3% 44 32 37.5%
CAMPBELLTON CA
Single 3 2 50.0% 3 2 50.0%
Mulitple 0 0 - 0 0 -
TOTAL 3 2 50.0% 3 2 50.0%
EDMUNDSTON CA
Single 5 8 -37.5% 6 10 -40.0%
Multiple 0 0 - 0 0 -
TOTAL 5 8 -37.5% 6 10 -40.0%
MIRAMICHI CA
Single 11 16 -31.3% 11 17 -35.3%
Multiple 0 0 - 0 0 -
TOTAL 11 16 -31.3% 11 17 -35.3%
ALL URBAN CENTRES*
Single 330 438 -24.7% 403 549 -26.6%
Multiple 409 464 -11.9% 430 653 -34.2%
TOTAL 739 902 -18.1% 833 1,202 -30.7%

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 City).

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

Contact Information