December 2011 Housing Starts

The seasonally adjusted annual rate of housing starts was 200,200 units in December, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 185,600 units in November 2011. Actual housing starts for 2011 are being
verified and will be reported in the January edition of Monthly Housing Statistics.

“The increase posted in December was mainly attributable to the multiple urban starts, particularly in Ontario and in Atlantic Canada”, said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre.

The seasonally adjusted annual rate of urban starts increased by 10.1 per cent to 181,900 units in December. Urban single starts increased by 3.8 per cent in December to 70,600 units, while multiple urban starts were up by 14.5 per cent to 111,300 units.

December’s seasonally adjusted annual rate of urban starts increased by 52.9 per cent in Atlantic Canada, 35.3 per cent in Ontario and by 9 per cent in Québec. Urban starts decreased by 19.8 per cent in British Columbia and by 11 per cent in the Prairies.

Rural starts2 were estimated at a seasonally adjusted annual rate of 18,300 units in December.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. 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 informed decisions.

For more information, 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. By removing seasonal ups and downs, seasonal adjustment makes it possible to highlight the fundamental trends of a series. Reporting monthly figures at annual rates indicates the annual level of starts that would be obtained if the monthly pace was maintained for 12 months. This facilitates comparison of the current pace of activity to annual forecasts as well as to historical annual levels.

2 CMHC estimates the level of starts in centres with a population of less than 10,000 for each of the three months of the quarter, at the beginning of each quarter. During the last month of the quarter, CMHC conducts the survey in these centres and revises the estimate.

Information on this release:

Charles Sauriol
CMHC Media Relations
613-748-2799
csauriol@cmhc-schl.gc.ca

Housing Starts in Canada — All Areas
Housing Starts, Actual and SAAR*
Actual SAAR
December

2010
December

2011
November

2011
December

2011
Source: CMHC
*Seasonally adjusted annual rates
**Urban centres with a population of 10,000 and over.
  Detailed data available upon request.
Revised Preliminary Revised Preliminary
Canada, all areas 13,613 16,576 185,600 200,200
Canada, rural areas 1,601 1,596 20,400 18,300
Canada, urban centres** 12,012 14,980 165,200 181,900
Canada, singles, urban centres 4,984 5,506 68,000 70,600
Canada, multiples, urban centres 7,028 9,474 97,200 111,300
Atlantic region, urban centres 611 1,047 8,500 13,000
Quebec, urban centres 3,513 3,880 40,000 43,600
Ontario, urban centres 3,519 5,761 51,300 69,400
Prairie region, urban centres 2,189 2,698 39,200 34,900
British Columbia, urban centres 2,180 1,594 26,200 21,000

News source: Canada Mortgage and Housing Corporation (CMHC)

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