Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 11, 2012 08:15 ET

March 2012 Housing Starts in Vancouver and Abbotsford

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 11, 2012) - Canada Mortgage and Housing Corporation (CMHC) reports 1,207 housing starts in March 2012 in the Vancouver Census Metropolitan Area (CMA). March home starts exceeded the 958 starts recorded in the same month last year. The majority of housing starts were multiple-family construction.

"There were 3,931 multiple-family starts so far in 2012 in the Vancouver CMA compared to 3,183 in the same period last year," noted Robyn Adamache, CMHC's Senior Market Analyst. "The cities of Vancouver and Burnaby recorded significantly more multiple-family starts in the first three months of 2012 than in the same period last year. Other cities, such as Richmond, Surrey and Coquitlam, had fewer multiple-family starts."

The Abbotsford CMA reported 23 housing starts in March, down from the 107 starts recorded in the same month last year. In the first quarter of 2012, there have been 103 housing starts compared with 167 in the same period last year.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of 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, and to download CMHC's housing reports, please visit CMHC's website at www.cmhc.ca/housingmarketinformation or call 1-800-668-2642.

Preliminary housing starts numbers are summarized in the attached tables.

For further information, please contact:

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Vancouver CMA Housing Starts
MARCH
Single Detached1 Multiple-family2 TOTAL
2011 2012 2011 2012 2011 2012
Bowen Island 1 1 0 0 1 1
Burnaby 14 18 10 210 24 228
Coquitlam 1 2 7 24 8 26
Delta 13 12 4 27 17 39
Langley City 0 1 0 0 0 1
Langley District 13 14 28 71 41 85
Maple Ridge 22 21 0 0 22 21
New West 2 4 0 79 2 83
North Van. City 1 2 6 9 7 11
North Van. District 3 4 0 10 3 14
Pitt Meadows 0 0 0 0 0 0
Port Coquitlam 0 1 0 54 0 55
Port Moody 2 0 0 0 2 0
Richmond 21 24 253 12 274 36
Surrey 87 76 228 249 315 325
Vancouver City 51 43 174 197 225 240
West Vancouver 11 10 0 2 11 12
White Rock 0 2 6 27 6 29
Other† 0 1 0 0 0 1
Van CMA TOTAL 242 236 716 971 958 1,207
TOTAL Change -2% 36% 26%
Abbotsford City 9 16 87 4 96 20
Mission 11 3 0 0 11 3
Other‡‡ 0 0 0 0 0 0
Abbotsford-Mission CMA 20 19 87 4 107 23
TOTAL Change -5% -95% -79%
Chilliwack CA 26 24 8 40 34 64
TOTAL Change -8% *** 88%
Source: CMHC

(1) Single Detached refers to single family homes.

(2) Multiples refers to semi detached, townhouse, and apartment units.

† Includes Anmore, Belcarra, Lion's Bay, University Endowment Lands, Unorgan, and Indian Reserves.

‡‡ Includes Indian Reserves.

Effective January 2011, data includes market housing on First Nations reserve lands in urban areas.

*** Per cent change >100%

## Undefined

YEAR-TO-DATE MARCH
Single Detached1 Multiple-family2 TOTAL
2011 2012 2011 2012 2011 2012
Bowen Island 1 3 0 0 1 3
Burnaby 38 55 171 562 209 617
Coquitlam 12 29 325 266 337 295
Delta 28 14 6 41 34 55
Langley City 2 3 0 0 2 3
Langley District 37 38 103 136 140 174
Maple Ridge 54 48 28 77 82 125
New West 16 10 44 269 60 279
North Van. City 6 7 126 191 132 198
North Van. District 5 14 12 40 17 54
Pitt Meadows 0 1 71 0 71 1
Port Coquitlam 2 2 10 65 12 67
Port Moody 2 3 5 198 7 201
Richmond 55 72 704 92 759 164
Surrey 186 198 658 461 844 659
Vancouver City 150 164 842 1,331 992 1,495
West Vancouver 28 33 0 156 28 189
White Rock 1 5 6 46 7 51
Other† 2 1 72 0 74 1
Van CMA TOTAL 625 700 3,183 3,931 3,808 4,631
TOTAL Change 12% 23% 22%
Abbotsford City 23 37 120 54 143 91
Mission 24 10 0 2 24 12
Other‡‡ 0 0 0 0 0 0
Abbotsford-Mission CMA 47 47 120 56 167 103
TOTAL Change 0% -53% -38%
Chilliwack CA 41 45 17 50 58 95
TOTAL Change 10% *** 64%
Source: CMHC

(1) Single Detached refers to single family homes.

(2) Multiples refers to semi detached, townhouse, and apartment units.

† Includes Anmore, Belcarra, Lion's Bay, University Endowment Lands, Unorgan, and Indian Reserves.

‡‡ Includes Indian Reserves.

Effective January 2011, data includes market housing on First Nations reserve lands in urban areas.

*** Per cent change >100%

## Undefined

Contact Information

  • Canada Mortgage and Housing Corporation
    Robyn Adamache
    Senior Market Analyst Telephone
    (604) 737-4144 or Cell: (604) 787-9659
    radamach@cmhc.ca
    www.cmhc.ca