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Housing Starts Increase in Canada and Québec in December

Housing Starts Increase in Canada and Québec in December  
According to preliminary data from the Canada Mortgage and Housing Corporation (CMHC), housing starts in
Canadian centres with 10,000 or more inhabitants increased by 25 per cent in December 2011 compared to the same
month in the previous year. In total, there were 14,980 housing starts in Canadian urban centres in December. This
increase follows a decrease of 2 per cent in November and an increase of 24 per cent in October.
In Québec, the number of housing starts rose in December after recording a 14 per cent decrease in October and an
11 per cent increase in November. Foundations were laid for 3,880 dwellings in December, a 10 per cent increase
compared to the same period in 2010. All of the Census Metropolitan Areas (CMAs) registered an increase in housing
starts, but those of Gatineau (+73 per cent) and Trois-Rivières (+69 per cent) registered the strongest growth rates.
In the fourth quarter of 2011, housing starts in Québec were up compared to the same period in 2010, totalling 11,416
units (+2 per cent). The CMA of Sherbrooke (+38 per cent) posted the largest increase in housing starts, while Quebec
City (-21 per cent) was the only CMA to post a decrease.
The first chart below provides an overview of housing starts in December and in the fourth quarter of 2011 in the
province’s CMAs. The second chart summarizes housing activity in Québec’s agglomerations in the fourth quarter of
2011

According to preliminary data from the Canada Mortgage and Housing Corporation (CMHC), housing starts inCanadian centres with 10,000 or more inhabitants increased by 25 per cent in December 2011 compared to the samemonth in the previous year. In total, there were 14,980 housing starts in Canadian urban centres in December. Thisincrease follows a decrease of 2 per cent in November and an increase of 24 per cent in October.In Québec, the number of housing starts rose in December after recording a 14 per cent decrease in October and an11 per cent increase in November. Foundations were laid for 3,880 dwellings in December, a 10 per cent increasecompared to the same period in 2010. All of the Census Metropolitan Areas (CMAs) registered an increase in housingstarts, but those of Gatineau (+73 per cent) and Trois-Rivières (+69 per cent) registered the strongest growth rates.In the fourth quarter of 2011, housing starts in Québec were up compared to the same period in 2010, totalling 11,416units (+2 per cent). The CMA of Sherbrooke (+38 per cent) posted the largest increase in housing starts, while QuebecCity (-21 per cent) was the only CMA to post a decrease.The first chart below provides an overview of housing starts in December and in the fourth quarter of 2011 in theprovince’s CMAs. The second chart summarizes housing activity in Québec’s agglomerations in the fourth quarter of2011


Preliminary housing start data are published by the Canada Mortgage and Housing Corporation (CMHC) on the sixth
working day of every month. The data released by the CMHC account for the number of dwellings for which
construction has started during the month in question. Data are issued monthly for the six Census Metropolitan Areas
and for urban centres with a population of 50,000 to 99,999 inhabitants (Drummondville, Granby, Saint-Hyacinthe,
Shawinigan and Saint-Jean-sur-Richelieu), and they distinguish between single-detached houses and multiple dwelling
units (semi-detached or townhouses and apartments). Housing start data for urban centres with 10,000 to 49,999
inhabitants are issued on a quarterly basis.


Housing Starts and the Existing-Home Market in Québec 

 
Housing starts, as an indicator of the residential construction market, provide valuable information on the vitality of the
real estate industry in general. However, if the increase in the number of new dwellings is greater than the long-term
household formation trend, this situation would lead to an increase in the inventory of new, unsold homes, and could
compete with the market of existing homes