Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

October 08, 2010 08:51 ET

September Housing Starts in the St. John's Area

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Oct. 8, 2010) - Housing starts in the St. John's region were flat during the month of September, according to preliminary data(1) released today by Canada Mortgage and Housing Corporation (CMHC). September's housing starts totaled 151 throughout the St. John's area versus 157 starts in September of 2009. There were 46 additional starts recorded outside the St. John's area, for a total of 197 provincial urban housing starts compared to 198 last September. Year-to-date, starts remain positive, with 1,328 recorded in the St. John's region versus 1,183 last year.

"With an increase in the number of newly built homes available for sale, new home construction has begun to slow to be more in line with current economic conditions," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. "New home demand was steady during the first six months of this year, but has been slowing in recent months and will continue to slow throughout the remainder of 2010," added Janes.

In urban centres across Canada, total housing starts recorded in September were up nine per cent to 14,401 units compared to last year's total of 13,193. Single-detached starts were down 12 per cent to 5,963 units, while multiple starts were up 31 per cent to 8,438 units this year. In the Atlantic region, 720 new units were started in September 2010 compared to 969 units during the same period in 2009.

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.

 (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 NEWFOUNDLAND & LABRADOR SUMMARY

  2010 2009   YEAR-TO -DATE  
  SEPT. SEPT. % Change 2010 2009 % Change
ALL URBAN CENTRES WITH POPULATIONS GREATER THAN 50,000
ST. JOHN'S CMA            
Single 125 133 -6.0% 1,113 997 11.6%
Multiple 26 24 8.3% 215 186 15.6%
TOTAL 151 157 -3.8% 1,328 1,183 12.3%
ALL URBAN CENTRES WITH POPULATION GREATER THAN 10,000
ALL CENTRES *            
Single 161 168 -4.2% 1,332 1,204 10.6%
Multiple 36 30 20.0% 285 228 25.0%
TOTAL 197 198 -0.5% 1,617 1,432 12.9%
 
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 (St . John's CMA, Corner Brook CA, Gander MD, Grand Falls/Windsor CA, Bay Roberts CA)

Contact Information

  • CMHC Market Analysis Centre
    Chris Janes
    Senior Market Analyst
    709-772-2403
    Cell: 709-743-4636
    cjanes@cmhc-schl.gc.ca