Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

December 08, 2010 08:15 ET

Quebec Housing Starts in November

MONTREAL, QUEBEC--(Marketwire - Dec. 8, 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, 3,311 dwellings were started in November 2010, compared to 3,884 a year earlier. Moreover, the seasonally adjusted annual rate of starts for this same month (34,100) was lower than for the month of October (40,200).

"This lower rate of residential construction in Quebec, which is observed in single-detached and multi-family homes, is in line with our expectations" said Kevin Hughes, Senior Economist at CMHC for Quebec.

A decrease in residential construction in October was recorded in the multiple-unit (semi-detached, row and apartment) housing segment, where starts went from 2,728 units in November 2009 to 2,451 units a year later, for a decrease of 10 per cent.

A more detailed analysis of the data effectively indicates that rental apartment starts posted a more notable decline. In centres with 50,000 or more inhabitants, such starts rose from 618 units in November 2009 to 463 in November 2010.

Single-detached home building fell by 26 per cent year-over-year in November, as all of the CMAs in the province, except Saguenay, recorded losses. Based on the survey results, the Gatineau, Montréal and Québec areas registered the largest declines (see table).

From January to November, starts in Quebec's urban centres with 10,000 or more inhabitants were up by 19 per cent, compared to the same period in 2009. This result reflected the increases in multi-unit housing construction (+26 per cent) and, to a lesser extent, in single-detached home building (+5 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.)
 
November
 
  Singles Multiples Total
  2009 2010 % 2009 2010 % 2009 2010 %
                   
Centres with 100,000+ inhab.                  
                   
GATINEAU 89 60 -33 215 98 -54 304 158 -48
MONTRÉAL 547 414 -24 1,646 1,258 -24 2,193 1,672 -24
QUÉBEC 135 103 -24 419 631 51 554 734 32
SAGUENAY 21 28 33 38 12 -68 59 40 -32
SHERBROOKE 43 39 -9 102 43 -58 145 82 -43
TROIS-RIVIÈRES 34 27 -21 18 94 *** 52 121 ***
                   
Subtotal (100,000+) 869 671 -23 2,438 2,136 -12 3,307 2,807 -15
                   
Centers with 50,000 to 99,999 inhab.                  
                   
DRUMMONDVILLE 24 26 8 20 12 -40 44 38 -14
GRANBY 24 32 33 15 49 *** 39 81 ***
SAINT-HYACINTHE 6 8 33 14 18 29 20 26 30
SHAWINIGAN 8 18 *** 12 21 75 20 39 95
SAINT-JEAN-SUR-RICHELIEU 16 21 31 2 10 *** 18 31 72
                   
Subtotal (50,000 to 99,999) 78 105 35 63 110 75 141 215 52
                   
Quebec (estimate 10,000+) 1,156 860 -26 2,728 2,451 -10 3,884 3,311 -15
 
 
 
January to November
 
  Singles Multiples Total
  2009 2010 % 2009 2010 % 2009 2010 %
                   
Centres with 100,000+ inhab.                  
                   
GATINEAU 976 845 -13 1,992 1,714 -14 2,968 2,559 -14
MONTRÉAL 4,930 5,402 10 12,357 14,765 19 17,287 20,167 17
QUÉBEC 1,610 1,652 3 3,350 4,457 33 4,960 6,109 23
SAGUENAY 316 370 17 219 390 78 535 760 42
SHERBROOKE 611 531 -13 820 999 22 1,431 1,530 7
TROIS-RIVIÈRES 326 325 0 513 1,242 *** 839 1,567 87
                   
Subtotal (100,000+) 8,769 9,125 4 19,251 23,567 22 28,020 32,692 17
                   
Centers with 50,000 to 99,999 inhab.                  
                   
DRUMMONDVILLE 295 384 30 164 307 87 459 691 51
GRANBY 222 265 19 341 573 68 563 838 49
SAINT-HYACINTHE 59 67 14 176 261 48 235 328 40
SHAWINIGAN 81 123 52 101 63 -38 182 186 2
SAINT-JEAN-SUR-RICHELIEU 201 252 25 128 119 -7 329 371 13
                   
Subtotal (50,000 to 99,999) 858 1,091 27 910 1,323 45 1,768 2,414 37
                   
Quebec (estimate 10,000+) 11,644 12,283 5 21,666 27,209 26 33,310 39,492 19
                   
*** 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
    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