Thursday, February 08, 2007

Housing starts strong in January

OTTAWA, Feb. 8 /CNW Telbec/ - The seasonally adjusted annual rate(1) ofhousing starts was 249,300 units in January, up from 212,600 units in
December, according to Canada Mortgage and Housing Corporation (CMHC).
"Historically low mortgage rates, solid employment and income growth, and
a high level of consumer confidence continue to support residential
construction activity," said Bob Dugan, Chief Economist at CMHC's Market
Analysis Centre. "The volatile multiples segment bounced back in January,
accounting for most of the growth this month. Although housing starts are
expected to ease to 209,500 units in 2007, they will remain above the
200,000 mark for the sixth consecutive year."
January's seasonally adjusted annual rate of urban starts of
216,300 units was up 19.2 per cent from December. Urban multiples surged
31.4 per cent to 124,300 units in January, while singles jumped 5.9 per cent
to 92,000 units.
Urban starts in January rebounded in all regions, with urban multiple
starts growing at a double-digit pace. Urban singles starts were up overall,
but declined in Quebec and British Columbia. The Atlantic region experienced
the largest percentage increase in urban starts at 36.2 per cent
Rural starts in January were estimated at a seasonally adjusted annual
rate of 33,000 units.
Compared to January 2006, actual starts in both rural and urban areas
increased an estimated 12.2 per cent in January 2007 while actual starts in
urban areas only were up an estimated 11.9 per cent. Actual single starts in
urban areas were 14.3 per cent lower in January 2007 than they were a year
earlier, with all regions showing a decline. Actual urban multiple starts in
January 2007 were up 37.7 per cent over January 2006.

Canada Mortgage and Housing Corporation (CMHC) has been Canada's national
housing agency for more than 60 years. CMHC is committed to helping Canadians
access a wide choice of quality, affordable homes, while making vibrant,
healthy communities and cities a reality across the country. For more
information, visit or call 1-800-668-2642.

(1) All starts figures in this release, other than actual starts, are
seasonally adjusted annual rates (SAAR) - that is, monthly figures
adjusted to remove normal seasonal variation and multiplied by 12 to
reflect annual levels.

(Ce document existe également en français)

Housing Starts, Actual and SAAR(*)
Actual SAAR
January January December January
2006 2007 2006 2007
Final Preliminary Final Preliminary
Canada, all areas 13,379 15,009 212,600 249,300
Canada, rural
areas 1,275 1,465 31,100 33,000
Canada, urban
centres(xx) 12,104 13,544 181,500 216,300
Canada, singles,
urban centres 6,002 5,143 86,900 92,000
Canada, multiples,
urban centres 6,102 8,401 94,600 124,300

Atlantic region,
urban centres 548 495 6,900 9,400
Quebec, urban
centres 2,237 2,391 40,200 42,200
Ontario, urban
centres 4,538 4,438 61,100 76,700
Prairie region,
urban centres 2,624 3,609 43,400 52,700
British Columbia,
urban centres 2,157 2,611 29,900 35,300

Source: CMHC
(*) Seasonally adjusted annual rates
(xx) Urban centres with a population of 10,000 persons and over.
Detailed data available upon request.

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