Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

September 09, 2010 08:15 ET

Quebec Housing Starts in August

MONTREAL, QUEBEC--(Marketwire - Sept. 9, 2010) - 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, 2,822 dwellings were started in August 2010, compared to 3,565 a year earlier. "The decline in starts registered in August was not at all surprising given the slowdown observed on the resale market. We were expecting residential construction to ease during the second half of the year," said Kevin Hughes, Senior Economist at CMHC. The seasonally adjusted annual rate of starts for August (38,200) was in fact lower than for the month of July (46,400).

Single-detached home starts fell by 21 per cent in August from the same month in 2009. With the exception of the Sherbrooke area (+21 per cent), all census metropolitan areas (CMAs) in the province sustained decreases. Based on the survey results, the Gatineau (­57 per cent), Saguenay (-42 per cent) and Trois-Rivières (-16 per cent) areas registered the largest declines. "While the construction of multi-unit housing—particularly condominiums—is beginning to decline, single-detached home building has been on a downward trend since the spring," added Kevin Hughes.

Multiple-unit housing construction registered a decrease identical to the drop recorded by single-detached homes, as starts in that segment went down from 2,577 units to 2,046 year-over-year (-21 per cent). This result was due to the declines noted in the rental and condominium housing categories. Semi-detached and row freehold home starts, on the other hand, posted a gain of 18 per cent over the same month last year, as they reached 649 units.

Just like the province, the large census agglomerations (CAs) sustained a decrease in residential construction. However, the drop in their case was attributable to the multiple-unit housing segment, where starts fell by 39 per cent (see table).

For the first eight months of the year, starts in Quebec's centres with 10,000 or more inhabitants were up by 23 per cent, compared to the same period last year. This result reflected the increases in multi-unit housing construction (+28 per cent) and, to a lesser extent, in single-detached home building (+15 per cent).

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.)
 
 
August
 
  Singles Multiples Total
  2009 2010 % 2009 2010 % 2009 2010 %
                   
Centres with 100,000+ inhab.                  
                   
GATINEAU 83 36 -57 266 213 -20 349 249 -29
MONTREAL 370 338 -9 1,269 1,093 -14 1,639 1,431 -13
QUEBEC 134 125 -7 545 307 -44 679 432 -36
SAGUENAY 52 30 -42 18 126 *** 70 156 ***
SHERBROOKE 42 51 21 149 56 -62 191 107 -44
TROIS-RIVIÈRES 31 26 -16 22 48 *** 53 74 40
                   
Subtotal (100,000+) 712 606 -15 2,269 1,843 -19 2,981 2,449 -18
                   
Centers with 50,000 to 99,999 inhab.                  
                   
DRUMMONDVILLE 29 25 -14 4 6 50 33 31 -6
GRANBY 32 33 3 71 58 -18 103 91 -12
SAINT-HYACINTHE 6 3 -50 21 14 -33 27 17 -37
SHAWINIGAN 3 20 *** 14 0 -100 17 20 18
SAINT-JEAN-SUR-RICHELIEU 26 18 -31 17 0 -100 43 18 -58
                   
Subtotal (50,000 to 99,999) 96 99 3 127 78 -39 223 177 -21
                   
Quebec (estimate 10,000+) 988 776 -21 2,577 2,046 -21 3,565 2,822 -21
 
                   
January to August
 
  Singles Multiples Total
  2009 2010 % 2009 2010 % 2009 2010 %
                   
Centres with 100,000+ inhab.                  
                   
GATINEAU 676 633 -6 1,440 1,239 -14 2,116 1,872 -12
MONTRÉAL 3,211 4,079 27 8,552 10,529 23 11,763 14,608 24
QUÉBEC 1,159 1,322 14 2,265 2,957 31 3,424 4,279 25
SAGUENAY 204 256 25 130 302 *** 334 558 67
SHERBROOKE 482 419 -13 593 876 48 1,075 1,295 20
TROIS-RIVIÈRES 240 244 2 381 789 *** 621 1,033 66
                   
Subtotal (100,000+) 5,972 6,953 16 13,361 16,692 25 19,333 23,645 22
                   
Centers with 50,000 to 99,999 inhab.                  
                   
DRUMMONDVILLE 218 305 40 102 261 *** 320 566 77
GRANBY 166 193 16 270 422 56 436 615 41
SAINT-HYACINTHE 43 46 7 106 110 4 149 156 5
SHAWINIGAN 43 83 93 50 28 -44 93 111 19
SAINT-JEAN-SUR-RICHELIEU 153 198 29 99 40 -60 252 238 -6
                   
Subtotal (50,000 to 99,999) 623 825 32 627 861 37 1,250 1,686 35
                   
Quebec (estimate 10,000+) 7,958 9,136 15 14,902 19,016 28 22,860 28,152 23
                   
*** Absolute value greater than 100%

Contact Information

  • Province
    Kevin Hughes
    Senior Economist (province of Quebec)
    514-283-4488
    or
    Montreal
    Genevieve Lapointe
    Market Analyst
    514-496-8564
    or
    Quebec
    Elisabeth Koulouris
    Senior Market Analyst
    418-649-8098
    or
    Gatineau (Outaouais, Abitibi)
    Patrice Tardif
    Senior Market Analyst
    514-283-2097
    or
    Sherbrooke (Estrie)
    Francis Cortellino
    Senior Market Analyst
    514-283-8391
    or
    Trois-Rivieres (Mauricie)
    Marie-Elaine Denis
    Market Analyst
    418-649-8100
    or
    Saguenay
    Sebastien Paquet-Poirier
    Market Analyst
    418-649-8102