Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

December 08, 2011 08:15 ET

Quebec Housing Starts in November

MONTRÉAL, QUEBEC--(Marketwire - Dec. 8, 2011) - According to the results of the latest monthly survey conducted by Canada Mortgage and Housing Corporation (CMHC), residential construction increased this past month in Quebec's centres with 10,000 or more inhabitants. In all, 3,804 dwellings were started in November 2011, compared to 3,541 a year earlier. As well, the seasonally adjusted annual rate of starts for this same month (38,300) was higher than for the month of October (37,100).

The result for November brought year-to-date urban starts to 37,712 units, for a decrease of 6 per cent from the first eleven months of 2010. This decline was due to the single-detached home segment (-17 per cent), as multiple-unit housing starts remained relatively stable (-1 per cent).

"We still expect that the rate of activity in the multi-family segment will decrease in 2012. As for the year-to-date total, it is in line with the forecast we published a year ago," said Kevin Hughes, Senior Economist at CMHC for Quebec.

A increase in activity was registered in the multiple-unit (semi-detached, row and apartment) housing segment, where starts went from 2,569 units in November 2010 to 2,943 units a year later, for a 15 per cent jump. Meanwhile, the seasonally adjusted annual rate was 28,400 for November, compared to 27,400 for the previous month. The November total revealed contrasting results: A sharp increase in the Montréal region (+61 per cent) and a notable drop in the Québec CMA (-53 per cent) (see table).

Single-detached home starts fell by 11 per cent in November 2011 from the same month in 2010. As well, the seasonally adjusted annual rate was 9,900 for November, up from 9,700 for October. From a regional standpoint, 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. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.

Preliminary Results - Monthly Starts Survey - Province of Quebec
(centres with 10,000+ inhab.)
November
Singles Multiples Total
2010 2011 % 2010 2011 % 2010 2011 %
Centres with 100,000+ inhab.
GATINEAU 60 55 -8 98 148 51 158 203 28
MONTRÉAL 414 425 3 1,258 2,025 61 1,672 2,450 47
QUÉBEC 103 92 -11 631 299 -53 734 391 -47
SAGUENAY 28 33 18 12 28 *** 40 61 53
SHERBROOKE 39 35 -10 43 100 *** 82 135 65
TROIS-RIVIÈRES 27 50 85 94 39 -59 121 89 -26
Subtotal (100,000+) 671 690 3 2,136 2,639 24 2,807 3,329 19
Centers with 50,000 to 99,999 inhab.
DRUMMONDVILLE 26 27 4 12 7 -42 38 34 -11
GRANBY 32 18 -44 49 15 -69 81 33 -59
SAINT-HYACINTHE 8 9 13 18 11 -39 26 20 -23
SHAWINIGAN 18 2 -89 21 8 -62 39 10 -74
SAINT-JEAN-SUR-RICHELIEU 21 25 19 10 46 *** 31 71 ***
Subtotal (50,000 to 99,999) 105 81 -23 110 87 -21 215 168 -22
Quebec (estimate 10,000+) 972 861 -11 2,569 2,943 15 3,541 3,804 7
January to November
Singles Multiples Total
2010 2011 % 2010 2011 % 2010 2011 %
Centres with 100,000+ inhab.
GATINEAU 845 723 -14 1,714 1,476 -14 2,559 2,199 -14
MONTRÉAL 5,402 4,322 -20 14,765 16,392 11 20,167 20,714 3
QUÉBEC 1,652 1,249 -24 4,457 3,593 -19 6,109 4,842 -21
SAGUENAY 370 442 19 390 366 -6 760 808 6
SHERBROOKE 531 509 -4 999 931 -7 1,530 1,440 -6
TROIS-RIVIÈRES 325 306 -6 1,242 599 -52 1,567 905 -42
Subtotal (100,000+) 9,125 7,551 -17 23,567 23,357 -1 32,692 30,908 -5
Centers with 50,000 to 99,999 inhab.
DRUMMONDVILLE 384 315 -18 307 186 -39 691 501 -27
GRANBY 265 198 -25 573 385 -33 838 583 -30
SAINT-HYACINTHE 67 70 4 261 145 -44 328 215 -34
SHAWINIGAN 123 91 -26 63 75 19 186 166 -11
SAINT-JEAN-SUR-RICHELIEU 252 235 -7 119 435 *** 371 670 81
Subtotal (50,000 to 99,999) 1,091 909 -17 1,323 1,226 -7 2,414 2,135 -12
Quebec (estimate 10,000+) 12,536 10,429 -17 27,477 27,283 -1 40,013 37,712 -6
*** Absolute value greater than 100%

Contact Information

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

    Montreal
    Bertrand Recher
    Senior Market Analyst
    514-283-2758
    brecher@cmhc.ca

    Sherbrooke (Estrie)
    Lydia Yakonowsky
    Market Analyst
    514-283-2203
    lyakonow@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

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