Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

December 08, 2010 08:15 ET

November Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - Dec. 8, 2010) - Residential construction in New Brunswick's urban centres was down in November according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data(1) indicate that a total of 211 starts were recorded during the month compared to 249 starts for the same period in 2009.

"The year-over-year decline in total starts for the month of November was mainly the result of fewer single-detached starts in both Fredericton and Saint John," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. During the month of November, 111 single starts were recorded in provincial urban centres compared to 138 units for the same period last year.

Multiple starts in provincial urban centres were also lower in November, with a 10 per cent decline to 100 units. On a year-to-date basis, multiple starts are up 32 per cent to 1,550 units. "Year-to-date multiple starts, particularly in the Greater Moncton area, continue to bolster total residential construction activity in New Brunswick," added Gautreau.

In urban centres across Canada, total housing starts recorded in November were up five per cent to 14,746 units compared to last year's total of 13,989. Single-detached starts declined 21 per cent to 5,551 units, while multiple starts rose 33 per cent to 9,195 units this year. In the Atlantic region, 653 new units were started in November 2010 compared to 706 units during the same period in 2009.

As Canada's national housing agency, CMHC draws on more than 60 years of experience to help Canadians access a variety of 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 vital 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.

(Ce document existe également en français)

PRELIMINARY URBAN MONTHLY HOUSING STARTS NEW BRUNSWICK SUMMARY

  2010 2009      YEAR-TO -DATE  
       % Change     % Change
  NOV NOV      2010 2009  
  ALL URBAN CENTRES WITH POPULATIONS > 50,000  
SAINT JOHN CMA            
Single 25 40 -37.5% 322 341 -5.6%
Multiple 2 14 -85.7% 304 284 7.0%
TOTAL 27 54 -50.0% 626 625 0.2%
MONCTON CMA            
Single 39 38 2.6% 428 395 8.4%
Multiple 94 83 13.3% 886 489 81.2%
TOTAL 133 121 9.9% 1,314 884 48.6%
FREDERICTON CA            
Single 40 47 -14.9% 355 375 -5.3%
Multiple 4 10 -60.0% 311 334 -6.9%
TOTAL 44 57 -22.8% 666 709 -6.1%
  ALL URBAN CENTRES WITH POPULATION >10,000*  
ALL CENTRES            
Single 111 138 -19.6% 1,250 1,261 -0.9%
Multiple 100 111 -9.9% 1,550 1,178 31.6%
TOTAL 211 249 -15.3% 2,800 2,439 14.8%

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.

Contact Information

  • Claude Gautreau
    Senior Market Analyst
    CMHC Market Analysis Centre
    506-851-2742
    Cell: 506-866-9002
    cgautrea@cmhc.ca