Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation
Government of Canada

Government of Canada

June 08, 2012 08:15 ET

May Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - June 8, 2012) - Residential construction activity in New Brunswick's urban centres was up in May according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data1 indicate that a total of 340 starts were recorded during the month compared to 236 starts for the same period in 2011.

"The increase in total housing starts observed in provincial urban centres during the month of May stemmed mainly from significant year-over-year increases in single starts in Fredericton and multiple starts in Moncton," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. Single starts in May totalled 132 units in provincial urban centres, up from last year's total for the month of 98 starts. At 208 units, multiple starts were up 51 per cent from last year's May total of 138 units.

In urban centres across Canada, total housing starts recorded in May were up seven per cent to 17,058 units compared to 15,962, a year ago. Single-detached starts decreased three per cent to 6,145 units, while multiple starts increased 13 per cent to 10,913 units in May. In the Atlantic region, 866 new units were started compared to 930 units during May 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 % Change YEAR-TO-DATE % Change
MAY MAY 2012 2011
ALL URBAN CENTRES WITH POPULATIONS > 50,000
SAINT JOHN CMA
Single 21 29 -27.6 % 51 71 -28.2 %
Multiple 0 4 ## 19 31 -38.7 %
TOTAL 21 33 -36.4 % 70 102 -31.4 %
MONCTON CMA
Single 46 42 9.5 % 88 73 20.5 %
Multiple 156 90 73.3 % 278 162 71.6 %
TOTAL 202 132 53.0 % 366 235 55.7 %
FREDERICTON CA
Single 40 15 ## 91 71 28.2 %
Multiple 52 38 36.8 % 70 42 66.7 %
TOTAL 92 53 73.6 % 161 113 42.5 %
ALL URBAN CENTRES WITH POPULATION >10,000*
ALL CENTRES
Single 132 98 34.7 % 275 236 16.5 %
Multiple 208 138 50.7 % 367 247 48.6 %
TOTAL 340 236 44.1 % 642 483 32.9 %
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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