Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

April 11, 2012 08:15 ET

Quebec Housing Starts in March

MONTRÉAL, QUÉBEC--(Marketwire - April 11, 2012) - According to the results of the latest monthly survey conducted by Canada Mortgage and Housing Corporation (CMHC), residential construction fell by 17 per cent this past month in Quebec's centres with 10,000 or more inhabitants. In all, 2,571 dwellings were started in March 2012, compared to 3,111 a year earlier. In addition, the seasonally adjusted annual rate of starts for this same month (35,000) was lower than for the month of February (41,800).

The decrease in residential construction this past month was attributable to the multiple- unit (semi-detached, row and apartment) housing segment, as single-detached home building fell only slightly.

In the multi-unit housing category, a decline of 21 per cent was registered this past March. In addition, the seasonally adjusted annual rate of starts for March (24,300) went back down since February (30,900). Regionally, a drop of 44 per cent was observed in the Montréal census metropolitan area (CMA). Elsewhere in Quebec, multiple-family housing starts were on the rise in most CMAs. "It should be specified that the decrease in multi-unit housing starts is attributable to the decline noted in the rental segment. While condominium construction remains strong for the moment, we forecast that it will slow down, given the high inventory and a lower demand," said Kevin Hughes, Senior Economist at CMHC for Quebec.

Still according to the survey results, single-detached housing starts decreased from the same month in 2011. The 726 new units enumerated in this category in March made for a 5-per-cent decrease from March 2011. The seasonally adjusted annual rate of starts for March (10,700) was slightly lower than for February (10,900). Regionally, the results were mixed (see table).

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 housing solutions. 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 informed 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.)
March
SinglesMultiplesTotal
20112012 %20112012 %20112012 %
Centres with 100,000+ inhab. (March)
GATINEAU4328 -354578 7388106 20
MONTRÉAL435331 -241,8021,008 -442,2371,339 -40
QUÉBEC92118 28194326 68286444 55
SAGUENAY237 -70666 ***2973 ***
SHERBROOKE3050 67109128 17139178 28
TROIS-RIVIÈRES1013 303129 -64142 2
Subtotal (100,000+)633547 -142,1871,635 -252,8202,182 -23
Centres with 50,000 to 99,999 inhab. (March)
DRUMMONDVILLE1034 ***49 ***1443 ***
GRANBY1028 ***3943 104971 45
SAINT-HYACINTHE37 ***218 ***525 ***
SHAWINIGAN05 ***010 ***015 ***
SAINT-JEAN-SUR-RICHELIEU175 -71100 -100275 -81
Subtotal (50,000 to 99,999)4079 985580 4595159 67
Centres with 10,000 to 49,999 inhab. (1st Quart.)
ALMA64 -33820 ***1424 71
AMOS02 ***00 002 ***
BAIE-COMEAU02 ***06 ***08 ***
COWANSVILLE817 ***144 -712221 -5
DOLBEAU-MISTASSINI13 ***00 013 ***
GASPÉ30 -10000 030 -100
GRENVILLE02 ***00 002 ***
JOLIETTE2235 592862 ***5097 94
LA TUQUE00 000 000 0
LACHUTE87 -13017 ***824 ***
LES-ÎLES-DE-LA-MADELEINE00 000 000 0
MATANE03 ***00 003 ***
MONT-LAURIER21 -5000 021 -50
MONTMAGNY10 -10000 010 -100
PRÉVOST127 -4200 0127 -42
RAWDON92 -7800 092 -78
RIMOUSKI1020 ***4020 -505040 -20
RIVIÈRE-DU-LOUP54 -20120 -100174 -76
ROBERVAL10 -10000 010 -100
ROUYN-NORANDA41 -7500 041 -75
SAINTE-ADÈLE66 022 088 0
SAINTE-MARIE31 -671023 ***1324 85
SAINTE-SOPHIE3744 191412 -145156 10
SAINT-FÉLICIEN00 0110 -100110 -100
SAINT-GEORGES913 44215 ***1128 ***
SAINT-LIN-LAURENTIDES1932 681824 333756 51
SALABERRY-DE-VALLEYFIELD52 -601726 532228 27
SEPT-ÎLES10 -10000 010 -100
SOREL-TRACY2621 -192627 45248 -8
THETFORD MINES73 -57032 ***735 ***
VAL-D'OR55 000 055 0
VICTORIAVILLE129 -256716 -767925 -68
Subtotal (10,000 to 49,999)*222246 11269306 14491552 12
Quebec (estimate 10,000+)768726 -52,3431,845 -213,1112,571 -17
* Data adjusted to reflect geographical definitions of the 2006 Census. Les-Îles-de-la-Madeleine, Mont-Laurier, Prévost, Rawdon, Sainte-Adèle and Sainte-Sophie now belong to the 10,000 to 49,999 population category.
*** Absolute value greater than 100%
Preliminary Results - Monthly Starts Survey - Province of Quebec
(centres with 10,000+ inhab.)
January to March
SinglesMultiplesTotal
20112012 %20112012 %20112012 %
Centres with 100,000+ inhab.
GATINEAU11084 -24318289 -9428373 -13
MONTRÉAL914741 -193,4642,662 -234,3783,403 -22
QUÉBEC215213 -1895590 -341,110803 -28
SAGUENAY8416 -8169118 71153134 -12
SHERBROOKE67107 60266244 -8333351 5
TROIS-RIVIÈRES2530 2085149 75110179 63
Subtotal (100,000+)1,4151,191 -165,0974,052 -216,5125,243 -19
Centres with 50,000 to 99,999 inhab.
DRUMMONDVILLE4868 423171 ***79139 76
GRANBY2049 ***14999 -34169148 -12
SAINT-HYACINTHE621 ***2363 ***2984 ***
SHAWINIGAN410 ***317 ***727 ***
SAINT-JEAN-SUR-RICHELIEU4538 -161310 -235848 -17
Subtotal (50,000 to 99,999)123186 51219260 19342446 30
Centres with 10,000 to 49,999 inhab.
ALMA64 -33820 ***1424 71
AMOS02 ***00 002 ***
BAIE-COMEAU02 ***06 ***08 ***
COWANSVILLE817 ***144 -712221 -5
DOLBEAU-MISTASSINI13 ***00 013 ***
GASPÉ30 -10000 030 -100
GRENVILLE02 ***00 002 ***
JOLIETTE2235 592862 ***5097 94
LA TUQUE00 000 000 0
LACHUTE87 -13017 ***824 ***
LES-ÎLES-DE-LA-MADELEINE00 000 000 0
MATANE03 ***00 003 ***
MONT-LAURIER21 -5000 021 -50
MONTMAGNY10 -10000 010 -100
PRÉVOST127 -4200 0127 -42
RAWDON92 -7800 092 -78
RIMOUSKI1020 ***4020 -505040 -20
RIVIÈRE-DU-LOUP54 -20120 -100174 -76
ROBERVAL10 -10000 010 -100
ROUYN-NORANDA41 -7500 041 -75
SAINTE-ADÈLE66 022 088 0
SAINTE-MARIE31 -671023 ***1324 85
SAINTE-SOPHIE3744 191412 -145156 10
SAINT-FÉLICIEN00 0110 -100110 -100
SAINT-GEORGES913 44215 ***1128 ***
SAINT-LIN-LAURENTIDES1932 681824 333756 51
SALABERRY-DE-VALLEYFIELD52 -601726 532228 27
SEPT-ÎLES10 -10000 010 -100
SOREL-TRACY2621 -192627 45248 -8
THETFORD MINES73 -57032 ***735 ***
VAL-D'OR55 000 055 0
VICTORIAVILLE129 -256716 -767925 -68
Subtotal (10,000 to 49,999)*222246 11269306 14491552 12
Quebec (estimate 10,000+)1,7601,623 -85,5854,618 -177,3456,241 -15
* Data adjusted to reflect geographical definitions of the 2006 Census. Les-Îles-de-la-Madeleine, Mont-Laurier, Prévost, Rawdon, Sainte-Adèle and Sainte-Sophie now belong to the 10,000 to 49,999 population category.
*** Absolute value greater than 100%

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