Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

July 09, 2010 08:58 ET

St. John's Area June Housing Starts

ST. JOHN'S, NEWFOUNDLAND and LABRADOR--(Marketwire - July 9, 2010) - Urban housing starts increased during the month of June, according to preliminary data1 released today by Canada Mortgage and Housing Corporation (CMHC). June's housing starts totaled 232 throughout the St. John's area versus 183 starts in June of 2009. There were 53 additional starts recorded outside the St. John's area, for a total of 285 provincial urban starts compared to 230 last June.

"The number of new homes started in June represents a significant increase compared to June 2009. Year-to-date starts are up 25 per cent within the St. John's region, with 822 starts recorded during the January to June period," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. "Healthy economic and demographic trends have supported new home demand during the first half of 2010," added Janes.

In urban centres across Canada, total housing starts increased 31 per cent with 15,345 recorded in June compared to 11,686 during June of 2009. Throughout Atlantic Canada, there were 1,012 urban housing starts posted versus 904 the previous June, an increase 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. 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.

A table associated with this release is available at : http://media3.marketwire.com/docs/lora0709.pdf

Ce document existe également en français

Contact Information

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