CMHC

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.

Housing-related spending accounts for more than 20 per cent of Canada’s Gross Domestic Product, contributing about $330 billion to the Canadian economy in 2010 — up 7.1 per cent from $308 billion in 2009. This and other key findings are in the ninth annual Canadian Housing Observer, released today by Canada Mortgage and Housing Corporation (CMHC).

The average rental apartment vacancy rate in Canada's 35 major centres decreased slightly to 2.2 per cent in October 2011, from 2.6 per cent in October 2010, according to the fall Rental Market Survey released today by Canada Mortgage and Housing Corporation (CMHC).

The seasonally adjusted annual rate of housing starts was 181,100 units in November, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 208,800 units in October 2011.

“Housing starts declined in November, reaching a level which is more consistent with the rate of household formation. The decrease in housing starts was due to a moderation in the multiples segment,” said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre.

Housing starts are forecast to stabilize into 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) fourth quarter Housing Market Outlook, Canada Edition.

“Despite continued uncertainty in the global economy, Canada’s economic fundamentals remain positive, particularly with respect to interest rates, employment and immigration. These factors will continue to support Canada’s housing sector in 2012,” said Mathieu Laberge, Deputy Chief Economist for CMHC.

The seasonally adjusted annual rate of housing starts was 207,600 units in October, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 208,800 units in September 2011.

“Housing starts posted a slight decline in October due to a decrease in single-detached starts in urban centres,” said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre. “Urban multiple housing starts remained high in October, but overall housing starts are expected to moderate in line with demographic fundamentals.”

The seasonally adjusted annual rate¹ of housing starts was 205,900 units in September, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 191,900 units in August 2011.

Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition.

“Housing starts have been strong in the last few months, but are forecast to moderate closer in line with demographic fundamentals,” said Mathieu Laberge, Deputy Chief Economist for CMHC. “Despite recent financial uncertainty, factors such as employment, immigration and mortgage rates remain supportive of the Canadian housing sector.”

The seasonally adjusted annual rate of housing starts was 205,100 units in July, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 196,600 units in June 2011.

“Housing starts rose in July due to an increase in multiple starts in all regions except Quebec,” said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre. “The multiples sector showed continued strength in Ontario and a significant increase in British Columbia and in the Atlantic region.”

The seasonally adjusted annual rate of housing starts was 197,400 units in June, according to Canada Mortgage and Housing Corporation (CMHC). This is up from a revised 194,100 units in May 2011. April 2011 has also been revised to 194,100 units.