Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 10, 2012 08:15 ET

June Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - July 10, 2012) - Residential construction activity in New Brunswick's urban centres was up in June according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data1 indicate that a total of 398 starts were recorded during the month compared to 350 starts for the same period in 2011.

"The year-over-year increase in residential housing starts observed during the month of June in provincial urban centres is primarily the result of a notable increase in single-detached starts and significant gains in multiples activity in Moncton," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Single starts in June were at 205 units in provincial urban centres compared to last year's total of 167 units for the month. In comparison, multiple starts were relatively stable for the month of June, with a 10 unit increase to 193 starts.

In urban centres across Canada, total housing starts recorded in June were up 12 per cent to 18,144 units compared to 16,244, a year ago. Single-detached starts decreased five per cent to 6,923 units, while multiple starts increased 25 per cent to 11,221 units in June. In the Atlantic region, 1,121 new units were started compared to 1,055 units during June 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.

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PRELIMINARY URBAN MONTHLY HOUSING STARTS
NEW BRUNSWICK SUMMARY
2012 2011 YEAR-TO-DATE
% Change % Change
JUN JUN 2012 2011
ALL URBAN CENTRES WITH POPULATIONS > 50,000
SAINT JOHN CMA
Single 38 25 52.0% 89 96 -7.3%
Multiple 13 29 -55.2% 32 60 -46.7%
TOTAL 51 54 -5.6% 121 156 -22.4%
MONCTON CMA
Single 84 71 18.3% 172 144 19.4%
Multiple 155 74 ## 433 236 83.5%
TOTAL 239 145 64.8% 605 380 59.2%
FREDERICTON CA
Single 54 52 3.8% 105 108 -2.8%
Multiple 11 68 -83.8% 29 125 -76.8%
TOTAL 65 120 -45.8% 134 233 -42.5%
ALL URBAN CENTRES WITH POPULATION >10,000*
ALL CENTRES
Single 205 167 22.8% 475 403 17.9%
Multiple 193 183 5.5% 567 430 31.9%
TOTAL 398 350 13.7% 1,042 833 25.1%
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.

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