Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

March 08, 2011 08:15 ET

Quebec Housing Starts in February

MONTRÉAL, QUÉBEC--(Marketwire - March 8, 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, 1,746 dwellings were started in February 2011, compared to 1,967 a year earlier. As well, the seasonally adjusted annual rate of starts for this same month (37,900) was lower than for the month of January (40,800).

"This second straight decrease in residential construction in Quebec was mainly due to the multiple-unit housing segment, where activity should continue to slow down over the course of 2011," said Kevin Hughes, Senior Economist at CMHC for Quebec.

Multi-unit (semi-detached, row and apartment) housing starts fell from 1,465 units in February 2010 to 1,286 in February 2011, for a drop of 12 per cent. Most of the census metropolitan areas recorded decreases, but the declines were concentrated in the Montréal and Québec areas (see table).

A more in-depth analysis of the data for centres with 50,000 or more inhabitants shows that condominium starts registered a decline, falling from 478 units in February 2010 to 349 in February 2011 (-27 per cent). Also, rental housing construction sustained a decrease of 8 per cent (to 539 units in February 2011).

In the single-detached home segment, activity was down by 8 per cent this past February, compared to the same period in 2010, as foundations were laid for 460 new houses in February 2011. The vast majority of centres with 50,000 or more inhabitants registered decreases in starts of this type.

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.)
 
 
February
 
  Singles Multiples Total
  2010 2011 % 2010 2011 % 2010 2011 %
                   
Centres with 100,000+ inhab.                  
                   
GATINEAU 21 29 38 54 175 *** 75 204 ***
MONTRÉAL 296 284 -4 886 678 -23 1,182 962 -19
QUÉBEC 61 54 -11 273 201 -26 334 255 -24
SAGUENAY 5 13 *** 4 0 -100 9 13 44
SHERBROOKE 16 6 -63 57 74 30 73 80 10
TROIS-RIVIÈRES 9 6 -33 25 0 -100 34 6 -82
                   
Subtotal (100,000+) 408 392 -4 1,299 1,128 -13 1,707 1,520 -11
                   
Centres with 50,000 to 99,999 inhab.                  
                   
DRUMMONDVILLE 17 4 -76 7 6 -14 24 10 -58
GRANBY 6 5 -17 42 69 64 48 74 54
SAINT-HYACINTHE 1 0 -100 6 5 -17 7 5 -29
SHAWINIGAN 2 1 -50 0 0 0 2 1 -50
SAINT-JEAN-SUR-RICHELIEU 9 7 -22 0 0 0 9 7 -22
                   
Subtotal (50,000 to 99,999) 35 17 -51 55 80 45 90 97 8
                   
Quebec (estimate 10,000+) 502 460 -8 1,465 1,286 -12 1,967 1 746 -11
 
 
January and February
 
  Singles Multiples Total
  2010 2011 % 2010 2011 % 2010 2011 %
                   
Centres with 100,000+ inhab.                  
                   
GATINEAU 53 67 26 181 273 51 234 340 45
MONTRÉAL 620 479 -23 2,348 1,662 -29 2,968 2,141 -28
QUÉBEC 188 123 -35 479 701 46 667 824 24
SAGUENAY 17 61 *** 12 63 *** 29 124 ***
SHERBROOKE 62 37 -40 180 157 -13 242 194 -20
TROIS-RIVIÈRES 26 15 -42 79 54 -32 105 69 -34
                   
Subtotal (100,000+) 966 782 -19 3,279 2,910 -11 4,245 3,692 -13
                   
Centres with 50,000 to 99,999 inhab.                  
                   
DRUMMONDVILLE 41 38 -7 31 27 -13 72 65 -10
GRANBY 21 10 -52 92 110 20 113 120 6
SAINT-HYACINTHE 7 3 -57 6 21 *** 13 24 85
SHAWINIGAN 5 4 -20 0 3 *** 5 7 40
SAINT-JEAN-SUR-RICHELIEU 29 28 -3 8 3 -63 37 31 -16
                   
Subtotal (50,000 to 99,999) 103 83 -19 137 164 20 240 247 3
                   
Quebec (estimate 10,000+) 1,218 980 -20 3,722 3,300 -11 4,940 4,280 -13
                   
*** 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