Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 11, 2011 08:23 ET

September Housing Starts in New Brunswick

MONCTON, NEW BRUNSWICK--(Marketwire - Oct. 11, 2011) - Residential construction in New Brunswick's urban centres was up in September according to figures released today by Canada Mortgage and Housing Corporation (CMHC). Preliminary data1 indicate that a total of 348 starts were recorded during the month compared to 153 starts for the same period in 2010.

"In New Brunswick, significant gains in apartment starts in both Fredericton and Moncton were responsible for the rise in residential housing starts in the month of September," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. In September, 235 multiple starts were recorded compared to 44 units for the same month last year. Year-to date, multiple starts are down 15 per cent from last year's total to 1,051 units.

Single starts in September were comparable to last year's total, with a four per cent increase to 113 units. Year-to-date, single starts have declined 20 per cent to 800 units.
"Despite the strong performance in September, the new home market in New Brunswick continues to trail last year's pace after the first three quarters of the year, with notable declines in both single and multiple starts," added Gautreau.

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 were up five per cent to 6,262 units, while multiple starts were up 21 per cent to 10,228 units this year. 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
NEW BRUNSWICK SUMMARY
2011 2010 % Change YEAR-TO-DATE % Change
SEP SEP 2011 2010
ALL URBAN CENTRES WITH POPULATIONS > 50,000
SAINT JOHN CMA
Single 19 26 -26.9% 165 263 -37.3%
Multiple 4 4 0.0% 116 300 -61.3%
TOTAL 23 30 -23.3% 281 563 -50.1%
MONCTON CMA
Single 45 30 50.0% 288 344 -16.3%
Multiple 108 14 ## 590 588 0.3%
TOTAL 153 44 ## 878 932 -5.8%
FREDERICTON CA
Single 32 37 -13.5% 250 276 -9.4%
Multiple 115 24 ## 300 297 1.0%
TOTAL 147 61 ## 550 573 -4.0%
ALL URBAN CENTRES WITH POPULATION >10,000*
ALL CENTRES
Single 113 109 3.7% 800 1,002 -20.2%
Multiple 235 44 ## 1,051 1,234 -14.8%
TOTAL 348 153 ## 1,851 2,236 -17.2%
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 (Saint John CMA, Moncton CMA, Fredericton CA, Bathurst CA, Campbellton CA, Edmundston CA, and Miramichi CA).
## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers.
PRELIMINARY QUARTERLY HOUSING STARTS
NEW BRUNSWICK SUMMARY
2011 2010 % Change YEAR-TO-DATE % Change
Q3 Q3 2011 2010
ALL URBAN CENTRES WITH POPULATIONS > 10,000
SAINT JOHN CMA
Single 69 101 -31.7% 165 263 -37.3%
Multiple 56 198 -71.7% 116 300 -61.3%
TOTAL 125 299 -58.2% 281 563 -50.1%
MONCTON CMA
Single 144 163 -11.7% 288 344 -16.3%
Multiple 354 189 87.3% 590 588 0.3%
TOTAL 498 352 41.5% 878 932 -5.8%
FREDERICTON CA
Single 127 127 0.0% 250 276 -9.4%
Multiple 190 149 27.5% 300 297 1.0%
TOTAL 317 276 14.9% 550 573 -4.0%
BATHURST CA
Single 28 17 64.7% 48 45 6.7%
Multiple 13 10 30.0% 37 14 ##
TOTAL 41 27 51.9% 85 59 44.1%
CAMPBELLTON CA
Single 3 8 -62.5% 6 10 -40.0%
Mulitple 4 28 -85.7% 4 28
TOTAL 7 36 -80.6% 10 38 -73.7%
EDMUNDSTON CA
Single 9 14 -35.7% 15 24 -37.5%
Multiple 4 7 -42.9% 4 7 -42.9%
TOTAL 13 21 -38.1% 19 31 -38.7%
MIRAMICHI CA
Single 17 23 -26.1% 28 40 -30.0%
Multiple 0 0 - 0 0 -
TOTAL 17 23 -26.1% 28 40 -30.0%
ALL URBAN CENTRES*
Single 403 453 -11.0% 800 1,002 -20.2%
Multiple 621 581 6.9% 1,051 1,234 -14.8%
TOTAL 1,024 1,034 -1.0% 1,851 2,236 -17.2%
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 (Saint John CMA, Moncton CA, Fredericton CA, Bathurst CA, Campbellton CA, Edmundston CA, and Miramichi City).
## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers.

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