Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

January 09, 2009 23:59 ET

St. John's area housing starts post solid growth in December

ST. JOHN'S, Jan. 9 - Urban housing starts posted solid growth
during the month of December, according to preliminary data(1) released today
by Canada Mortgage and Housing Corporation (CMHC). December's total housing
starts posted 55 per cent growth, with 202 starts recorded throughout the St.
John's area versus 130 in December of 2007. An additional 24 housing starts
were recorded in other urban areas across the province for a total of 226
provincial starts, an increase of 44 per cent. For the year, urban housing
starts totaled 2,229 throughout the province, up 22 per cent. Within the St.
John's region, starts reached a 33-year high of 1,863 in 2008, a 26 per cent
gain over the 1,480 starts posted in 2007.

"Urban housing starts ended the year with considerable growth and were
consistent with CMHC's new home construction expectations for 2008," said
Chris Janes, Senior Market Analyst with CMHC in Newfoundland and Labrador.
"Residential construction activity within the St. John's metro area reached a
33-year high in 2008, with solid economic and demographic fundamentals
creating unprecedented buyer demand and price growth throughout the year,"
added Janes.

For Canada's urban centres, total housing starts decreased six per cent
with 10,487 recorded in December compared to 11,157 during December of 2007.
Single-detached starts fell 29 per cent to 4,335, while multiple starts of
6,152 represent a 22 per cent increase from a year ago. Throughout Atlantic
Canada, there were 574 urban housing starts posted versus 651 the previous
December, a decline of 12 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 - homes that will continue to create vibrant
and healthy communities and cities across the country.



----------------
(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.

(Ce document existe également en français)


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PRELIMINARY QUARTERLY HOUSING STARTS
NEWFOUNDLAND & LABRADOR SUMMARY
-------------------------------------------------------------------------
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2008 2007 YEAR-TO-DATE
--------------- % Change --------------- % Change
-------------------------------------------------------------------------
Q4 Q4 2008 2007
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ALL URBAN CENTRES WITH POPULATIONS (greater than) 10,000
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ST. JOHN'S CMA
Single 456 360 26.7% 1,485 1,174 26.5%
Multiple 119 74 60.8% 378 306 23.5%
TOTAL 575 434 32.5% 1,863 1,480 25.9%
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BAY ROBERTS CA
Single 22 7 (xx) 77 37 (xx)
Multiple 0 2 (xx) 0 2 (xx)
TOTAL 22 9 (xx) 77 39 97.4%
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CORNER BROOK CA
Single 18 21 -14.3% 69 64 7.8%
Multiple 0 0 - 4 8 -50.0%
TOTAL 18 21 -14.3% 73 72 1.4%
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GANDER CA
Single 22 8 (xx) 89 62 43.5%
Multiple 0 4 (xx) 12 14 -14.3%
TOTAL 22 12 83.3% 101 76 32.9%
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GRAND FALLS/
WINDSOR CA
Single 12 15 -20.0% 61 58 5.2%
Multiple 0 22 (xx) 54 45 20.0%
TOTAL 12 37 -67.6% 115 103 11.7%
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LABRADOR CA
Single 0 21 (xx) 0 55 (xx)
Multiple 0 0 - 0 0 -
TOTAL 0 21 (xx) 0 55 (xx)
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ALL CENTRES(*)
Single 530 432 22.7% 1,781 1,450 22.8%
Multiple 119 102 16.7% 448 375 19.5%
TOTAL 649 534 21.5% 2,229 1,825 22.1%
-------------------------------------------------------------------------
-------------------------------------------------------------------------
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 CA, Grand Falls/Windsor CA,
Bay Roberts CA and Labrador City CA)

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

-------------------------------------------------------------------------
-------------------------------------------------------------------------
PRELIMINARY URBAN MONTHLY HOUSING STARTS
NEWFOUNDLAND & LABRADOR SUMMARY
-------------------------------------------------------------------------
-------------------------------------------------------------------------
2008 2007 YEAR-TO-DATE
--------------- % Change --------------- % Change
DEC DEC 2008 2007
-------------------------------------------------------------------------
ALL URBAN CENTRES WITH POPULATIONS (greater than) 50,000
-------------------------------------------------------------------------
ST. JOHN'S CMA
Single 150 118 27.1% 1,485 1,174 26.5%
Multiple 52 12 (xx) 378 306 23.5%
TOTAL 202 130 55.4% 1,863 1,480 25.9%
-------------------------------------------------------------------------
ALL URBAN CENTRES WITH POPULATION (greater than)10,000
-------------------------------------------------------------------------
ALL CENTRES(*)
Single 174 141 23.4% 1,781 1,450 22.8%
Multiple 52 16 (xx) 448 375 19.5%
TOTAL 226 157 43.9% 2,229 1,825 22.1%
-------------------------------------------------------------------------
-------------------------------------------------------------------------
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 CA, Grand Falls/Windsor CA,
Bay Roberts CA and Labrador City CA)

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

Contact Information

  • Chris Janes, Senior Market Analyst - NL, CMHC
    Market Analysis Centre, (709) 772-2403, Cell: (709) 743-4636, cjanes@cmhc.ca