Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 11, 2011 08:43 ET

September Housing Starts in Halifax

HALIFAX, NOVA SCOTIA--(Marketwire - Oct. 11, 2011) - New residential construction in Halifax increased last month compared to September 2010 according to preliminary data1 released today by Canada Mortgage and Housing Corporation (CMHC). There were 289 housing starts last month compared to 191 recorded in September of 2010.

"Apartment construction continued to be the main source of growth in the Halifax housing market last month," said Matthew Gilmore, senior market analyst with CMHC's Atlantic Business Centre. "This segment of the market is now up just over 50 per cent compared to last year," added Gilmore. "Single-detached starts were unchanged compared to September 2010 at 105 units but continue to see reduced demand due to slow economic and employment growth," Gilmore said.

In urban centres across Canada, total housing starts recorded in September were up 14 per cent to 16,490 units compared to last year's total of 14,402. Single-detached starts increased five per cent to 6,262 units, while multiple starts increased 21 per cent to 10,228 units in 2011. In the Atlantic region, 1,094 new units were started in September 2011 compared to 720 units during the same period in 2010.

As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high 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 informed decisions.

1 Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.

For more information, visit www.cmhc.ca or call 1 800 668-2642.

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PRELIMINARY URBAN MONTHLY HOUSING STARTS
NOVA SCOTIA SUMMARY
2011 2010 YEAR-TO -DATE
% Change % Change
SEPT SEPT 2011 2010
ALL URBAN CENTRES WITH POPULATIONS > 50,000
HALIFAX CMA
Single 105 105 0.0% 670 792 -15.4%
Multiple 184 86 ## 1,425 1,031 38.2%
TOTAL 289 191 51.3% 2,095 1,823 14.9%
CAPE BRETON RGM
Single 11 15 -26.7% 85 99 -14.1%
Multiple 15 6 ## 84 64 31.3%
TOTAL 26 21 23.8% 169 163 3.7%
ALL URBAN CENTRES WITH POPULATION >10,000
ALL CENTRES*
Single 184 190 -3.2% 1,168 1,413 -17.3%
Multiple 215 142 51.4% 1,690 1,300 30.0%
TOTAL 399 332 20.2% 2,858 2,713 5.3%

Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.

* Includes all centres with a total population of more than 10,000 (Halifax CMA, Cape Breton RGM, Truro CA, Kentville CA and New Glasgow CA, Chester MD, East Hants MD, Kings Subd. A SCM, Lunenburg MD, Queens RGM, West Hants MD, Yarmouth MD).

## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers.

Contact Information

  • Matthew Gilmore
    Senior Market Analyst
    CMHC Market Analysis Centre
    (902) 426-4686
    mgilmore@cmhc.ca