HALIFAX, NOVA SCOTIA--(Marketwire - June 8, 2011) - New residential construction in Halifax decreased last month compared to May 2010 according to preliminary data(1) released today by Canada Mortgage and Housing Corporation (CMHC). There were 233 housing starts last month, compared to 303 recorded in May of 2010.
"New home construction in Halifax decreased in May compared to last year," said Matthew Gilmore, senior market analyst with CMHC's Atlantic Business Centre. "In spite of a relatively strong month for multiple starts, this segment was 35% below the level recorded last year," Gilmore said. "The single detached segment of the market strengthened in May with nearly nine per cent growth," Gilmore added.
In urban centres across Canada, total housing starts recorded in May were down seven per cent to 15,025 units compared to last year's total of 16,178. Single-detached starts declined 23 per cent to 6,005 units, while multiple starts increased seven per cent to 9,020 units in 2011. In the Atlantic region, 848 new units were started in May 2011 compared to 1,137 units during the same period in 2010.
As Canada's national housing agency, CMHC draws on 65 years of experience to help Canadians access a variety of high 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 informed decisions.
(1) Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.
For more information, visit www.cmhc.ca or call 1 800 668-2642.
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PRELIMINARY URBAN MONTHLY HOUSING STARTS NOVA SCOTIA SUMMARY
| 2011 | 2010 | YEAR-TO -DATE | ||||
| % Change | % Change | |||||
| MAY | MAY | 2011 | 2010 | |||
| ALL URBAN CENTRES WITH POPULATIONS > 50,000 | ||||||
| HALIFAX CMA | ||||||
| Single | 87 | 80 | 8.7% | 296 | 376 | -21.3% |
| Multiple | 146 | 223 | -34.5% | 698 | 616 | 13.3% |
| TOTAL | 233 | 303 | -23.1% | 994 | 992 | 0.2% |
| CAPE BRETON RGM | ||||||
| Single | 9 | 16 | -43.8% | 31 | 38 | -18.4% |
| Multiple | 6 | 4 | 50.0% | 28 | 14 | ## |
| TOTAL | 15 | 20 | -25.0% | 59 | 52 | 13.5% |
| ALL URBAN CENTRES WITH POPULATION >10,000 | ||||||
| ALL CENTRES* | ||||||
| Single | 113 | 170 | -33.5% | 429 | 638 | -32.8% |
| Multiple | 196 | 237 | -17.3% | 802 | 673 | 19.2% |
| TOTAL | 309 | 407 | -24.1% | 1,231 | 1,311 | -6.1% |
Figures for the most recent month are preliminary and subject to revisions due to corrections or updates from quarterly enumeration or sampling results.
* Includes all centres with a total population of more than 10,000 (Halifax CMA, Cape Breton RGM, Truro CA, Kentville CA and New Glasgow CA, Chester MD, East Hants MD, Kings Subd. A SCM, Lunenburg MD, Queens RGM, West Hants MD, Yarmouth MD).
## Indicates changes in excess of 100% which are not reported due to volatility resulting from small absolute numbers.
Contact Information:
Senior Market Analyst
CMHC Market Analysis Centre
(902) 426-4686
mgilmore@cmhc.ca