Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

May 09, 2011 08:15 ET

Quebec Housing Starts in April

MONTRÉAL, QUÉBEC--(Marketwire - May 9, 2011) - According to the results of the latest monthly survey conducted by Canada Mortgage and Housing Corporation (CMHC), residential construction decreased this past month in Quebec's centres with 10,000 or more inhabitants. In all, 3,474 dwellings were started in April 2011, compared to 4,645 a year earlier. As well, the seasonally adjusted annual rate of starts for this same month (36,800) was lower than for the month of March (40,600).

"This decrease in the pace of residential construction in Quebec was attributable to multiple-unit housing and is in line with our forecast," said Kevin Hughes, Senior Economist at CMHC for Quebec.

Single-detached home building decreased by 31 per cent year-over-year in April. However, the seasonally adjusted annual rate of single-detached housing starts in April reached 12,000 units, compared to 11,300 the previous month. Most of the census metropolitan areas (CMAs) in the province recorded losses. Based on the survey results, the Montréal and Québec areas registered notable declines (see table).

A decrease in activity was also registered in the multiple-unit (semi-detached, row and apartment) housing segment, where starts went from 2,918 units in April 2010 to 2,286 a year later, for a decline of 22 per cent. Moreover, the seasonally adjusted annual rate of multi-family housing starts in April was measured at 24,800 units, compared to 29,300 the previous month. With the exception of the Trois-Rivières region, all of the province's CMAs posted drops in housing starts (see table).

Still in the multi-unit housing segment, the April data show that rental apartment starts decreased significantly over the same month in 2010. In centres with 50,000 or more inhabitants, they registered a loss of 23 per cent.

The April results brought the year-to-date urban starts level to 10,819 units, for a decrease of 17 per cent in relation to the first four months of 2010. This drop was due to both the single-detached and multiple-family housing segments. "The quarterly starts total for Quebec's urban centres remains in line with our forecasts," added Kevin Hughes.

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. For more information, visit www.cmhc.ca or call 1-800-668-2642.

Preliminary Results - Monthly Starts Survey - Province of Quebec
(centres with 10,000+ inhab.)
April
SinglesMultiplesTotal
20102011%20102011%20102011%
Centres with 100,000+ inhab.
GATINEAU11092-16228128-44338220-35
MONTRÉAL777528-321,5441,433-72,3211,961-16
QUÉBEC271180-34495235-53766415-46
SAGUENAY6155-104012-7010167-34
SHERBROOKE6351-1916382-50226133-41
TROIS-RIVIÈRES3545295985449413038
Subtotal (100,000+)1,317951-282,5291,975-223,8462,926-24
Centers with 50,000 to 99,999 inhab.
DRUMMONDVILLE4450145066329411623
GRANBY2513-48688-889321-77
SAINT-HYACINTHE37***16160192321
SHAWINIGAN415***418***833***
SAINT-JEAN-SUR-RICHELIEU233343331***2664***
Subtotal (50,000 to 99,999)9911819141139-12402577
Quebec (estimate 10,000+)1,7271,188-312,9182,286-224,6453,474-25
January to April
SinglesMultiplesTotal
20102011%20102011%20102011%
Centres with 100,000+ inhab.
GATINEAU223202-9486446-8709648-9
MONTRÉAL2,0971,442-315,1314,897-57,2286,339-12
QUÉBEC597395-341,2941,130-131,8911,525-19
SAGUENAY841396573811115722040
SHERBROOKE151118-22409348-15560466-17
TROIS-RIVIÈRES7670-8481170-65557240-57
Subtotal (100,000+)3,2282,366-277,8747,072-1011,1029,438-15
Centers with 50,000 to 99,999 inhab.
DRUMMONDVILLE98980939741911952
GRANBY5233-37176157-11228190-17
SAINT-HYACINTHE12138243963365244
SHAWINIGAN131946421***1740***
SAINT-JEAN-SUR-RICHELIEU8178-41844***9912223
Subtotal (50,000 to 99,999)256241-6315358145715995
Quebec (estimate 10,000+)4,0722,948-288,9387,871-1213,01010,819-17
*** Absolute value greater than 100%

Contact Information

  • Province
    Kevin Hughes
    Senior Economist (province of Quebec)
    514-283-4488

    Montreal
    Genevieve Lapointe
    Market Analyst
    514-496-8564

    Quebec
    Elisabeth Koulouris
    Senior Market Analyst
    418-649-8098

    Gatineau (Outaouais, Abitibi)
    Patrice Tardif
    Senior Market Analyst
    514-283-2097

    Sherbrooke (Estrie)
    Francis Cortellino
    Senior Market Analyst
    514-283-8391

    Trois-Rivieres (Mauricie)
    Marie-Elaine Denis
    Market Analyst
    418-928-3807

    Saguenay
    Sebastien Paquet-Poirier
    Market Analyst
    418-928-3812