January 2010 Housing Starts

OTTAWA, February 8, 2010 — The seasonally adjusted annual rate1 of housing starts reached 186,300 units in January 2010. This is an increase from an annual rate of 176,100 units in December 2009, according to Canada Mortgage and Housing Corporation (CMHC). According to final figures, actual housing starts for 2009 totalled 149,081 units, with activity improving as the year progressed.

“Housing starts improved in both the singles and multiples segments in January,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “These increases are similar to the ones that occurred in December.”

The seasonally adjusted annual rate of urban starts increased by 4.4 per cent to 165,200 units in January. Urban multiple starts increased by 5.7 per cent to 76,300 units while single urban starts increased by 3.3 per cent to 88,900 units.

January’s seasonally adjusted annual rate of urban starts increased by 19.8 per cent in British Columbia, by 7.3 per cent in Quebec, by 2.3 per cent in Atlantic Canada, and by 1.5 per cent in the Ontario. In the Prairie region, the seasonally adjusted annual rate of urban starts decreased by 4.8 per cent.

Rural starts were estimated at a seasonally adjusted annual rate of 21,100 units in January2.

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.

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.

2 CMHC estimates the level of rural starts 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 rural areas and revises the estimate.

Housing Starts, Actual and SAAR*

 

Actual

SAAR

January
2009

January
2010

December
2009

January
2010

 

Final

Preliminary

Final

Preliminary

Canada, all areas

8,096

10,952

176,100

186,300

Canada, rural areas

787

734

17,800

21,100

Canada, urban centres**

7,309

10,218

158,300

165,200

Canada, singles, urban centres

2,605

4,723

86,100

88,900

Canada, multiples, urban centres

4,704

5,495

72,200

76,300

 

 

 

 

 

Atlantic region, urban centres

355

424

8,800

9,000

Quebec, urban centres

1,997

2,911

45,100

48,400

Ontario, urban centres

2,892

3,330

52,500

53,300

Prairie region, urban centres

1,143

1,854

31,200

29,700

British Columbia, urban centres

922

1,699

20,700

24,800

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

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