CMHC Housing Starts Report June
Housing Starts Increase in June
OTTAWA, July 9, 2009 — The seasonally adjusted annual rate1 of housing starts increased to 140,700 units in June from 130,300 units in May, according to Canada Mortgage and Housing Corporation (CMHC).
“The increase in housing starts in June is broadly based, encompassing both the singles and multiples segments,” said Bob Dugan, Chief Economist at CMHC. “In addition, Western Canada experienced an increase this month.”
Housing starts are expected to improve throughout 2009 and over the next several years to gradually become more closely aligned to demographic demand, which is currently estimated at about 175,000 units per year.
The seasonally adjusted annual rate of urban starts increased 9.5 per cent to 120,100 units in June. Urban multiple starts increased 11.3 per cent to 67,000 units, while urban single starts also moved up by 7.3 per cent to 53,100 units in June.
June’s seasonally adjusted annual rate of urban starts increased 59.4 per cent in the Prairies, 25 per cent in British Columbia, and 3.1 per cent in Ontario. Urban starts declined 6.3 per cent in Quebec, and 3.9 per cent in Atlantic Canada.
Housing Starts, Actual and SAAR* |
| | Actual | SAAR |
June
2008 | June
2009 | May
2009 | June
2009 |
| | Final | Preliminary | Final | Preliminary |
| Canada, all areas | 20,809 | 13,743 | 130,300 | 140,700 |
| Canada, rural areas | 2,471 | 2,057 | 20,600 | 20,600 |
| Canada, urban centres** | 18,338 | 11,686 | 109,700 | 120,100 |
| Canada, singles, urban centres | 7,883 | 5,716 | 49,500 | 53,100 |
| Canada, multiples, urban centres | 10,455 | 5,970 | 60,200 | 67,000 |
| | | | |
| Atlantic region, urban centres | 1,092 | 904 | 7,700 | 7,400 |
| Quebec, urban centres | 3,706 | 2,990 | 34,800 | 32,600 |
| Ontario, urban centres | 8,248 | 4,440 | 42,100 | 43,400 |
| Prairie region, urban centres | 2,657 | 2,290 | 15,500 | 24,700 |
| British Columbia, urban centres | 2,635 | 1,062 | 9,600 | 12,000 |