Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

February 08, 2011 08:15 ET

Quebec Housing Starts in January

MONTRÉAL, QUÉBEC--(Marketwire - Feb. 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, 2,534 dwellings were started in January 2011, compared to 2,973 a year earlier. Moreover, the seasonally adjusted annual rate of starts for this same month (41,000) was lower than for the month of December (41,400).

"The decrease in the rate of new home construction in Quebec was attributable to the multiple-unit housing segment, which should slow down during the course of 2011," said Kevin Hughes, Senior Economist at CMHC for Quebec.

A decrease was recorded in the multiple-unit (semi-detached, row and apartment) housing segment, where starts went from 2,257 units in January 2010 to 2,014 units a year later, for a decrease of 11 per cent.

A more detailed analysis of the data indicates that rental apartment starts posted a notable decrease. In centres with 50,000 or more inhabitants, such starts dropped from 638 units in January 2010 to 391 units in January 2011. During the same period, new semi-detached housing units decreased by approximately 50 per cent.

Single-detached home building fell by 27 per cent year-over-year in January, as the majority of the CMAs in the province recorded losses. Based on the survey results, the Montréal and Québec areas registered large declines (see Table).

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.)
 
 
January
 
  Singles   Multiples   Total
  2010 2011 %   2010 2011 %   2010 2011 %
                       
Centres with 100,000+ inhab.                      
                       
GATINEAU 32 38 19   127 98 -23   159 136 -14
MONTRÉAL 324 195 -40   1,462 984 -33   1,786 1,179 -34
QUÉBEC 127 69 -46   206 500 ***   333 569 71
SAGUENAY 12 48 ***   8 63 ***   20 111 ***
SHERBROOKE 46 31 -33   123 83 -33   169 114 -33
TROIS-RIVIÈRES 17 9 -47   54 54 0   71 63 -11
                       
Subtotal (100,000+) 558 390 -30   1,980 1,782 -10   2,538 2,172 -14
                       
Centers with 50,000 to 99,999 inhab.                      
                       
DRUMMONDVILLE 24 34 42   24 21 -13   48 55 15
GRANBY 15 5 -67   50 41 -18   65 46 -29
SAINT-HYACINTHE 6 3 -50   0 16 ***   6 19 ***
SHAWINIGAN 3 3 0   0 3 ***   3 6 ***
SAINT-JEAN-SUR-RICHELIEU 20 21 5   8 3 -63   28 24 -14
                       
Subtotal (50,000 to 99,999) 68 66 -3   82 84 2   150 150 0
                       
Quebec (estimate 10,000+) 716 520 -27   2,257 2,014 -11   2,973 2,534 -15
 
 
January to January
 
  Singles   Multiples   Total
  2010 2011 %   2010 2011 %   2010 2011 %
                       
Centres with 100,000+ inhab.                      
                       
GATINEAU 32 38 19   127 98 -23   159 136 -14
MONTRÉAL 324 195 -40   1,462 984 -33   1,786 1,179 -34
QUÉBEC 127 69 -46   206 500 ***   333 569 71
SAGUENAY 12 48 ***   8 63 ***   20 111 ***
SHERBROOKE 46 31 -33   123 83 -33   169 114 -33
TROIS-RIVIÈRES 17 9 -47   54 54 0   71 63 -11
                       
Subtotal (100,000+) 558 390 -30   1,980 1,782 -10   2,538 2,172 -14
                       
Centers with 50,000 to 99,999 inhab.                      
                       
DRUMMONDVILLE 24 34 42   24 21 -13   48 55 15
GRANBY 15 5 -67   50 41 -18   65 46 -29
SAINT-HYACINTHE 6 3 -50   0 16 ***   6 19 ***
SHAWINIGAN 3 3 0   0 3 ***   3 6 ***
SAINT-JEAN-SUR-RICHELIEU 20 21 5   8 3 -63   28 24 -14
                       
Subtotal (50,000 to 99,999) 68 66 -3   82 84 2   150 150 0
                       
Quebec (estimate 10,000+) 716 520 -27   2,257 2,014 -11   2,973 2,534 -15
                       
*** Absolute value greater than 100%

Contact Information

  • Province
    Kevin Hughes
    Senior Economist (province of Quebec)
    514-283-4488
    or
    Montreal
    David L'Heureux
    Senior Market Analyst
    514-496-2587
    or
    Sherbrooke (Estrie)
    Francis Cortellino
    Senior Market Analyst
    514-283-8391
    or
    Quebec
    Elisabeth Koulouris
    Senior Market Analyst
    418-649-8098
    or
    Trois-Rivieres (Mauricie)
    Marie-Elaine Denis
    Market Analyst
    418-649-8100
    or
    Gatineau (Outaouais, Abitibi)
    Patrice Tardif
    Senior Market Analyst
    514-283-2097
    or
    Saguenay
    Sebastien Paquet-Poirier
    Market Analyst
    418-649-8102