Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 11, 2011 08:15 ET

Quebec Housing Starts in June

MONTRÉAL, QUÉBEC--(Marketwire - July 11, 2011) - According to the results of the latest monthly survey conducted by Canada Mortgage and Housing Corporation (CMHC), residential construction declined this past month in Quebec's centres with 10,000 or more inhabitants. In all, 3,816 dwellings were started in June 2011, compared to 4,223 a year earlier. As well, the seasonally adjusted annual rate of starts for this same month (42,800) was lower than for the month of May (44,400).

"The June results brought the semi-annual urban starts level to below the 20,000 unit mark, for a decrease of 10 per cent in relation to the first six months of 2010. This decline is mostly due to the single-detached segment (- 20 per cent) than to the multi- family category (- 4 per cent)," said Kevin Hughes, Senior Economist at CMHC for Quebec.

"With regard to multi-family homes, the picture is contrasted. On the one hand, we observe notable drops in semi-detached and town-home (- 17 per cent) starts as well as on the rental apartment (- 27 per cent) side. On the other hand, condominium apartment starts post a gain of approximately 20 per cent. Given the current stock of condominiums on the market, a slowdown should be expected," added Kevin Hughes.

Single-detached home building decreased by 14 per cent year-over-year in June. As well, the seasonally adjusted annual rate of single-detached housing starts in June reached 11,300 units, compared to 12,000 the previous month. Most of the census metropolitan areas (CMAs) in the province recorded losses. Based on the survey results, several regions registered notable declines (see table).

A decrease in activity was registered in the multiple-unit (semi-detached, row and apartment) housing segment, where starts went from 2,774 units in June 2010 to 2,575 a year later, for a 7 per cent drop. Moreover, the seasonally adjusted annual rate of multi-family housing starts in June was measured at 31,500 units, compared to 32,400 the previous month. The June result was attributable to the strength of the Montréal, Québec and Trois-Rivières markets (see table).

Still in the multi-unit housing segment, the June data show that condominium starts were up when compared to June 2010 (9 per cent). Again, ownership and rental apartment starts decreased significantly over the same month in 2010 (- 27 per cent in both cases).

As Canada's national housing agency, CMHC draws on more than 65 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 .)
June
Singles Multiples Total
2010 2011 % 2010 2011 % 2010 2011 %
Centres with 100,000+ inhab.
GATINEAU 91 98 8 201 261 30 292 359 23
MONTRÉAL 569 445 -22 1,466 1,365 -7 2,035 1,810 -11
QUÉBEC 175 157 -10 470 395 -16 645 552 -14
SAGUENAY 62 67 8 51 17 -67 113 84 -26
SHERBROOKE 77 55 -29 100 102 2 177 157 -11
TROIS-RIVIÈRES 53 39 -26 136 68 -50 189 107 -43
Subtotal (100,000+) 1,027 861 -16 2,424 2,208 -9 3,451 3,069 -11
Centers with 50,000 to 99,999 inhab .
DRUMMONDVILLE 63 30 -52 41 9 -78 104 39 -63
GRANBY 34 28 -18 32 50 56 66 78 18
SAINT-HYACINTHE 13 22 69 26 28 8 39 50 28
SHAWINIGAN 18 9 -50 4 4 0 22 13 -41
SAINT-JEAN-SUR-RICHELIEU 34 27 -21 22 0 -100 56 27 -52
Subtotal (50,000 to 99,999) 162 116 -28 125 91 -27 287 207 -28
Quebec (estimate 10,000+) 1,449 1,241 -14 2,774 2,575 -7 4,223 3,816 -10
January to June
Singles Multiples Total
2010 2011 % 2010 2011 % 2010 2011 %
Centres with 100,000+ inhab.
GATINEAU 450 391 -13 869 855 -2 1,319 1,246 -6
MONTRÉAL 3,254 2,411 -26 7,938 7,859 -1 11,192 10,270 -8
QUÉBEC 1,034 730 -29 2,141 2,157 1 3,175 2,887 -9
SAGUENAY 190 264 39 168 193 15 358 457 28
SHERBROOKE 306 256 -16 669 583 -13 975 839 -14
TROIS-RIVIÈRES 181 138 -24 698 275 -61 879 413 -53
Subtotal (100,000+) 5,415 4,190 -23 12,483 11,922 -4 17,898 16,112 -10
Centers with 50,000 to 99,999 inhab.
DRUMMONDVILLE 229 176 -23 247 127 -49 476 303 -36
GRANBY 125 77 -38 252 249 -1 377 326 -14
SAINT-HYACINTHE 39 37 -5 70 91 30 109 128 17
SHAWINIGAN 45 47 4 18 33 83 63 80 27
SAINT-JEAN-SUR-RICHELIEU 153 138 -10 40 63 58 193 201 4
Subtotal (50,000 to 99,999) 591 475 -20 627 563 -10 1,218 1,038 -15
Quebec (estimate 10,000+) 7,165 5,726 -20 14,305 13,703 -4 21,470 19,429 -10
*** Absolute value greater than 100%

Contact Information

  • Province
    Kevin Hughes
    Senior Economist (province of Quebec)
    514-283-4488
    khughes@cmhc.ca

    Montreal
    Genevieve Lapointe
    Market Analyst
    514-496-8564
    glapoint@cmhc.ca

    Sherbrooke (Estrie)
    Francis Cortellino
    Senior Market Analyst
    514-283-8391
    fcortell@cmhc.ca

    Quebec
    Elisabeth Koulouris
    Senior Market Analyst
    418-649-8098
    ekoulour@cmhc.ca

    Trois-Rivieres (Mauricie)
    Marie-Elaine Denis
    Market Analyst
    418-649-8100
    medenis@cmhc.ca

    Gatineau (Outaouais, Abitibi)
    Francis Cortellino
    Senior Market Analyst
    514-283-8391
    fcortell@cmhc.ca

    Saguenay
    Sebastien Paquet-Poirier
    Market Analyst
    418-649-8102
    spaquetp@cmhc.ca