Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 08, 2011 08:29 ET

March Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - April 8, 2011) - Residential construction in New Brunswick's urban centres was down in March according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data1 indicate that a total of 19 starts were recorded during the month compared to 63 starts for the same period in 2010.

"The decline in residential construction observed in March was mostly the result of reduced activity in the Moncton CMA, as housing starts for the month in both Fredericton and Saint John were comparable to last year," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Single starts were down 58 per cent in March, with 14 units on record compared to 33 starts during the same month last year. Year-to-date, single starts have declined 34 per cent to 73 units.

In March of this year, multiple starts were down 83 per cent to 5 units. Year-to-date, multiple starts have been limited to 21 units. In comparison, 189 multiple starts were recorded during the same period last year. "Rising vacancy rates in most of New Brunswick's urban centres in 2010 have resulted in fewer multiple starts during the first quarter of this year, contributing to the overall decline in residential construction activity," added Gautreau.

In urban centres across Canada, total housing starts recorded in March were up two per cent to 11,655 units compared to last year's total of 11,375. Single-detached starts were down 34 per cent to 3,633 units, while multiple starts were up 37 per cent to 8,022 units this year. In the Atlantic region, 271 new units were started in March 2011 compared to 311 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
NEW BRUNSWICK SUMMARY
20112010YEAR-TO-DATE
% Change% Change
MARMAR20112010
ALL URBAN CENTRES WITH POPULATIONS > 50,000
SAINT JOHN CMA
Single79-22.2%2335-34.3%
Multiple37-57.1%1572-79.2%
TOTAL1016-37.5%38107-64.5%
MONCTON CMA
Single117-94.1%1137-70.3%
Multiple222-90.9%267-97.0%
TOTAL339-92.3%13104-87.5%
FREDERICTON CA
Single660.0%37355.7%
Multiple00-448-91.7%
TOTAL660.0%4183-50.6%
ALL URBAN CENTRES WITH POPULATION >10,000*
ALL CENTRES
Single1433-57.6%73111-34.2%
Multiple530-83.3%21189-88.9%
TOTAL1963-69.8%94300-68.7%

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
20112010YEAR-TO-DATE
% Change% Change
Q1Q120112010
ALL URBAN CENTRES WITH POPULATIONS > 10,000
SAINT JOHN CMA
Single2335-34.3%2335-34.3%
Multiple1572-79.2%1572-79.2%
TOTAL38107-64.5%38107-64.5%
MONCTON CMA
Single1137-70.3%1137-70.3%
Multiple267-97.0%267-97.0%
TOTAL13104-87.5%13104-87.5%
FREDERICTON CA
Single37355.7%37355.7%
Multiple448-91.7%448-91.7%
TOTAL4183-50.6%4183-50.6%
BATHURST CA
Single110.0%110.0%
Multiple02# #02# #
TOTAL13-66.7%13-66.7%
CAMPBELLTON CA
Single00-00-
Mulitple00-00-
TOTAL00-00-
EDMUNDSTON CA
Single12-50.0%12-50.0%
Multiple00-00-
TOTAL12-50.0%12-50.0%
MIRAMICHI CA
Single01# #01# #
Multiple00-00-
TOTAL01##01##
ALL URBAN CENTRES*
Single73111-34.2%73111-34.2%
Multiple21189-88.9%21189-88.9%
TOTAL94300-68.7%94300-68.7%

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 CA, 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.

Data for 2006 on 2001 Census Definitions.

Data for 2009 on 2006 Preliminary Census Definitions.

**New Metropolitan Area as of 2009.

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